BNZ has raised its 3, 4 and five year fixed mortgage rates this morning.
It raised its three year fixed rate to 5.90%, up 10 bps from 5.80%.
The four year fixed rate is now 6.15%, up 5 bps from 6.10%.
And their five year fixed rate has risen to 6.35%, up 5 bps from 6.30%.
These are relatively minor increases, but reflect the steady rise over the past three weeks of wholesale swap rates.
These new rates broadly bring BNZ into line for these terms with its main rivals.
These new rates are effective today and apply to both their "Standard", "FlyBuys" and "GlobalPlus" mortgage products.
The last time BNZ raised these longer term mortgage rates was at the end of March 2013.
However, they raised shorter term rates in mid June by withdrawing their one year Classic offer.
See all advertised mortgage rates here.
| 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs | |
 |
4.95% | 5.45% | 5.80% | 6.10% | 6.30% |
 |
5.19% | 5.45% | 5.95% | 6.15% | 6.45% |
| BNZ | 5.25% | 5.40% | 5.90% | 6.15% | 6.35% |
| Kiwibank | 4.89% | 5.45% | 5.80% | 6.10% | 6.25% |
 |
5.19% | 5.50% | 5.90% | 6.15% | 6.35% |
| Co-op Bank | 4.94% | 5.45% | 5.80% | 6.10% | |
| HSBC Premier | 4.99% | 5.35% | 5.75% | 5.99% | 6.20% |
| SBS / HBS | 4.95% | 4.99% | 5.65% | 5.65% | |
 |
4.88% | 5.45% | 5.80% | 6.10% | 6.30% |
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