Current NZ Mortgage Rates 2026
Compare live rates from 50+ lenders. Fixed and floating options. Updated daily.
Get Matched with an AdviserLowest Carded Rate by Term
Observed at: 2026-05-21T00:27:41.120Z
Fixed Rates
6 months
ANZ, ASB, BNZ, Kiwibank, SBS Bank
4.49%
1 year
ASB, BNZ, The Co-operative Bank
4.65%
18 months
ASB, BNZ, SBS Bank
4.95%
2 years
BNZ, Westpac, SBS Bank
5.19%
3 years
SBS Bank
5.29%
4 years
Westpac
5.39%
5 years
Westpac
5.59%
Floating Rates by Lender
The Co-operative Bank
Floating
4.99%
The Co-operative Bank
Floating
4.99%
Kiwibank
Floating
5.75%
ANZ
Floating
5.79%
ASB
Floating
5.79%
TSB Bank
Floating
5.79%
BNZ
Floating
5.84%
SBS Bank
Floating
5.84%
Westpac
Floating
5.89%
Westpac
Floating
5.89%
Westpac
Floating
5.99%
TSB Bank
Floating
6.59%
First Home Buyer Rates
Some lenders publish first home buyer specials and Kāinga Ora-supported rates separately. See our first home buyer guide or talk to an adviser via the enquiry form.
Learn more →Rate Trends
Short-term rates (6-12 months)
Competitive rates as banks compete for market share. Best value for borrowers expecting further rate cuts.
Medium-term rates (1-3 years)
Popular choice offering rate certainty. Typically best value for most borrowers.
Long-term rates (4-5 years)
Higher rates but maximum certainty. Good for risk-averse borrowers or if you expect rates to rise.
Expert Tips
Split Your Mortgage
Consider fixing portions at different terms to balance flexibility and certainty.
Time Your Refixing
Start shopping for rates 60-90 days before your fixed term expires.
Compare Regularly
Rates change frequently. Even existing customers can often negotiate better rates.
Fixed vs Floating: Which is Better?
Fixed Rate Mortgages
Best for: Borrowers wanting certainty and protection from rate rises
Floating Rate Mortgages
Best for: Borrowers expecting rates to fall or needing maximum flexibility
Most Popular: Split Strategy
Many borrowers split their mortgage - fixing 70-80% for certainty while keeping 20-30% floating for flexibility and extra repayments. This balances security with the ability to pay off debt faster.
Last updated: May 21, 2026 | Rates verified against published lender carded-rate pages + RBNZ
Important: how to read this information
This website is operated by Evolve Group Limited (FSP711891), a Licensed Financial Advice Provider regulated by the Financial Markets Authority (NZ). The information published here is general in nature and is not personalised financial advice. For personalised advice that takes your circumstances into account, request to be matched with one of our licensed mortgage advisers via the enquiry form.
Rate accuracy. Rates shown across this site were observed at 21 May 2026, 12:27 pm from each lender's published carded-rate page (linked per row). If a lender has updated their rates since that timestamp, the authoritative source is the lender's page, not our derived snapshot. Carded rates are advertised rates — the rate you ultimately receive depends on your application.
CCCFA + Responsible Lending Code. Final lending decisions are made by the lender under the Credit Contracts and Consumer Finance Act 2003 and the MBIE Responsible Lending Code. Lenders apply servicing-test rates (typically around 8% post-2023), debt-to-income caps (RBNZ DTI 6× owner-occupier / 7× investor from 2024), and Loan-to-Value Ratio limits. Carded rates are not an offer or a pre-approval.
Disputes. If you have a complaint about advice received through this site, contact Financial Services Complaints Limited (FSCL) on 0800 347 257 or info@fscl.org.nz.
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Rates snapshot generator: scripts/snapshot-lenders.mjs.
Machine-readable snapshot: /api/rates/facts.json.