## What could negative interest rates mean for NZ?

Negative rates range from –0.1% to –0.8% for selected tiers of central bank deposits. Advertise with NZME. In the past, cash rate changes have fed through to changes in loan and deposit rates. For example, a 25-basis-point drop in the cash rate may result in an annual interest saving of $2,500 on a NZ$1 million loan.

## What is the current morgage interest rate?

Current standard variable rate. Our current standard variable rate for residential mortgages (which is referred to either as the HSBC Variable Rate or the HSBC Standard Variable Rate) is 3.79%, effective from 1st March 2022. These rates only apply when a fixed or tracker rate no longer applies.

## What are current mortgage loan rates?

The current rate for a 15-year fixed-rate mortgage is 3.83% with 0.8 points paid, up by 0.20 percentage points week-over-week. The rate averaged 2.45% last year. The current rate on a 5/1 adjustable-rate mortgage is 3.50% with 0.3 points paid, 0.14 percentage points higher than last week.

## What are the current mortage interest rates?

The current national average 5-year ARM rate is up 12 basis points from 4.44% to 4.56%. Adjust the graph below to see historical mortgage rates tailored to your loan program, credit score, down payment and location. The table below is updated daily with current mortgage rates for the most common types of home loans.