NZ mortgage rates
Rates as at 10 November 2026
Advertised home loan rates at ANZ, ASB, BNZ, Westpac and Kiwibank, with the date we read them and the source. Updated weekly.
The short answer
As at 10 November 2026, the average advertised 1-year fixed rate across ANZ, ASB, BNZ, Westpac and Kiwibank is 5.06%, and the average floating rate is 6.31%. The Official Cash Rate is 2.75%.
Advertised rates by bank
| Bank · Product | Floating | 1 year | 2 years | 3 years | 5 years |
|---|---|---|---|---|---|
| ANZStandard | 6.29% | 5.59% | 5.95% | 6.19% | 6.49% |
| ANZSpecial (LVR under 80%) | none | 4.99% | 5.35% | 5.59% | none |
| ASBStandard (as labelled) | 6.29% | 4.99% | 5.35% | 5.59% | 5.75% |
| BNZStandard (as labelled) | 6.34% | 4.99% | 5.35% | 5.59% | 5.75% |
| BNZTotalMoney (offset, floating) | 6.44% | none | none | none | none |
| WestpacStandard | 6.39% | 5.79% | 5.89% | 6.19% | 6.35% |
| WestpacSpecial (LVR under 80%) | none | 5.19% | 5.29% | 5.59% | 5.75% |
| WestpacChoices Offset (floating) | 6.39% | none | none | none | none |
| KiwibankStandard | 6.25% | 6.05% | 6.29% | 6.39% | 6.59% |
| KiwibankSpecial (20% equity or First Home Loan) | none | 5.15% | 5.39% | 5.59% | 5.89% |
| KiwibankOffset Mortgage (floating) | 6.25% | none | none | none | none |
| Average of each bank’s lowest rate | 6.31% | 5.06% | 5.35% | 5.59% | 5.93% |
Other terms
| Bank · Product | 6 months | 18 months | 4 years |
|---|---|---|---|
| ANZStandard | 5.39% | 5.89% | 6.39% |
| ANZSpecial (LVR under 80%) | 4.79% | 5.29% | none |
| ASBStandard (as labelled) | 4.79% | 5.29% | 5.65% |
| BNZStandard (as labelled) | 4.79% | 5.29% | 5.65% |
| WestpacStandard | 5.49% | 5.79% | 6.25% |
| WestpacSpecial (LVR under 80%) | 4.89% | 5.19% | 5.65% |
| KiwibankStandard | 5.75% | none | 6.49% |
| KiwibankSpecial (20% equity or First Home Loan) | 4.85% | none | 5.79% |
| Average of each bank’s lowest rate | 4.82% | 5.27% | 5.83% |
interest.co.nz home loan rates table, 10 November 2026
About these rates
- Source: the home loan rates table on interest.co.nz, read on 10 November 2026. The table shows no date of its own, so the date is when we read it. ANZ’s floating rate of 6.29% matches a report in The Spinoff on 29 October 2026.
- Special rates usually need at least 20% equity. ASB’s and BNZ’s rows are labelled Standard but match ANZ’s special rates, so they look like rates for borrowers with 20% equity; low-equity borrowers pay more.
- Kiwibank shows no 18-month term. The average for a term uses each bank’s lowest advertised rate for that term, and only the banks that offer it.
- Rates change often, and they were rising after the September OCR increase. Check with the bank before you decide. We update this table weekly.
Official Cash Rate
- OCR
- 2.75%
- Last decision
- 28 October 2026: held, by a 4 to 3 vote
- Previous change
- 2 September 2026: up from 2.50% to 2.75%
- Next decision
- 9 December 2026, 2pm (reported, unconfirmed)
The Reserve Bank’s site blocked our automated reads, so these facts come from news reports of its releases. The next decision date comes from search results showing the Reserve Bank’s event page, not from the page itself.
The Spinoff, 29 Oct 2026 · Newsquawk, 28 Oct 2026 · interest.co.nz, 2 Sep 2026 · RBNZ event page (seen in search results only)
Use these rates
Every calculator on this site starts from the average rate for the term you choose.