This data tracks the special mortgage rates advertised by banks in New Zealand. Special rates are offered to borrowers who meet certain conditions specified by the bank, and are lower than the standard rates.
Previous years: | Monthly: | ||||||
---|---|---|---|---|---|---|---|
Dec 2020 | Dec 2021 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | |
New special residential mortgage interest rates (average % end of month) | |||||||
6 months1 | 3.24 | 3.86 | 5.06 | 5.28 | 5.77 | 6.12 | 6.48 |
1 year1 | 2.53 | 3.59 | 4.91 | 5.20 | 5.80 | 6.01 | 6.40 |
18 months1 | 2.55 | 3.97 | 5.28 | 5.47 | 6.02 | 6.21 | 6.51 |
2 years1 | 2.64 | 4.25 | 5.37 | 5.55 | 6.09 | 6.26 | 6.60 |
3 years1 | 2.75 | 4.61 | 5.62 | 5.73 | 6.18 | 6.36 | 6.68 |
4 years1 | 2.97 | 4.80 | 5.95 | 5.97 | 6.32 | 6.30 | 6.70 |
5 years1 | 3.04 | 4.94 | 6.01 | 6.00 | 6.34 | 6.30 | 6.75 |
New customer special residential mortgage average interest rates at the end of month for registered banks.
Monthly.
We publish data five working days after the end of the reference period.
We release data on our Statistics section.
The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.
View the statistics release calendar
We collect data under Section 36 of the Reserve Bank of New Zealand Act 1989 (the Act).
Read the Reserve Bank of New Zealand Act 1989
We publish only aggregated data. Individual institutional data is confidential.
We generally publish revisions when we update and release the next table. Should we need to make revisions more promptly, we will post a special note on the website.
We post any major changes in methodology on the website as a special note.
A copy of the survey template and definitions is available.
Download the survey template and definitions
We publish data on the weighted floating first mortgage new customer housing rate.
View the Retail interest rates on lending and deposits (B3)
Interest.co.nz publishes mortgage interest rates for a range of terms.
The interest rates recorded here are simple averages of the special advertised (or ‘discounted’) first mortgage interest rates banks offered to new borrowers for residential property. Special rates or discounts are offered to borrowers who meet specific lending criteria, terms or conditions (for example, at least 30% equity). May not be available to all borrowers.
Symbol or convention | Definition |
---|---|
0 | Zero or value rounded to zero |
- | Not applicable |
.. | Not available |
bold | Revised/new |
italics | Provisional |
Light grey background | Historical |
View our other Exchange and interest rate statistics series.