Wednesday morning has already seen some mortgage rate changes, with PSIS raising its two year fixed mortgage rate by 15 basis points to 6.35%. This followed TSB raising its three, four and five year mortgage rates at the start of the day. Bernard Hickey updated his Brother in Law's Guide to mortgage rates this morning. Longer term mortgage rates are on the rise, with BNZ so far the only major bank to not have increased rates in this latest round. Kiwibank is also holding out against the invaders. We will be updating this and our mortgage rates page throughout the day (or as Bill English said in Parliament the other day, every six minutes) as more rate changes come through. To see and compare mortgage rates in New Zealand, see our mortgage rates page.
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