This data tracks the average mortgage rates advertised by banks in New Zealand. These are the 'standard' rates offered to new borrowers. Any special discounts are excluded from this statistic.
Previous years: | Monthly: | ||||||
---|---|---|---|---|---|---|---|
Dec 2020 | Dec 2021 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | |
New standard residential mortgage interest rates (average % end of month) | |||||||
Floating1 | 4.51 | 4.91 | 6.54 | 6.65 | 6.99 | 7.33 | 7.81 |
6 months1 | 3.90 | 4.48 | 5.56 | 5.71 | 6.16 | 6.43 | 6.85 |
1 year1 | 3.34 | 4.20 | 5.48 | 5.72 | 6.18 | 6.46 | 6.82 |
18 months1 | 3.23 | 4.47 | 5.76 | 5.92 | 6.43 | 6.57 | 6.88 |
2 years1 | 3.51 | 4.73 | 5.91 | 6.06 | 6.47 | 6.75 | 7.08 |
3 years1 | 3.34 | 4.97 | 6.05 | 6.18 | 6.58 | 6.69 | 7.07 |
4 years1 | 3.70 | 5.25 | 6.38 | 6.40 | 6.86 | 6.90 | 7.28 |
5 years1 | 3.78 | 5.42 | 6.44 | 6.44 | 6.90 | 6.94 | 7.32 |
New customer standard 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 advertised (or ‘carded’), standard, first mortgage interest rates offered by banks to new borrowers for residential property. Any special rates or discounts offered to borrowers with conditions (for example, 30% equity) are excluded from the results.
Please note that we publish the same floating interest rate source as a weighted average advertised rate for standard first mortgage interest rate borrowers in the B3 web table compared to a simple average in B20—so the two rates will not necessarily align.
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.