{"id":390251,"date":"2026-04-21T10:23:08","date_gmt":"2026-04-21T10:23:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/390251\/"},"modified":"2026-04-21T10:23:08","modified_gmt":"2026-04-21T10:23:08","slug":"kiwibank-joins-other-banks-with-home-loan-rate-rises-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/390251\/","title":{"rendered":"Kiwibank joins other banks with home loan rate rises"},"content":{"rendered":"

Kiwibank is the latest bank to raise home loan interest rates, as concern grows about the future path of inflation.<\/p>\n

By Susan Edmunds of RNZ<\/a><\/p>\n

It said it was increasing a number of its fixed-term home loans.<\/p>\n

The one-year special lifts from 4.59% to 4.65%. The two-year special rises from 5.09% to 5.29%, the three-year from 5.45% to 5.55%, the four-year from 5.79% to 5.89%and the five-year from 5.89% to 5.99%.<\/p>\n

A similar move came from Westpac<\/a> last week. On Friday, Westpac said it was lifting its one-year home loan rates by 10 basis points and its 18-month rate by 14.<\/p>\n

Infometrics chief forecaster Gareth Kiernna said the one-year rate would still be attractive to borrowers because it was lower, but the three-year rate was offering certainty at a price that was still “pretty close”.<\/p>\n

“If you’re with BNZ and can still access their three-year 5.29% rate, I’d be locking it in ASAP.”<\/p>\n

He said wholesale rates had not moved a huge amount over the past couple of weeks, so it was not immediately clear what had sparked the recent bank moves.<\/p>\n

They might have been holding off a bit, he said, hoping wholesale markets would fall again but had to move when they didn’t.<\/p>\n

“It’s probably the overall trend that you’d expect, given inflation and price pressures.”<\/p>\n

He said it seemed likely that other banks would move in a similar way.<\/p>\n

“They do tend to sort of follow each other. So you’re probably going to see the likes of ASB and BNZ following at some stage.”<\/p>\n

He said Tuesday’s inflation update<\/a> had been worse than expected, which meant the Reserve Bank potentially had less room to move going into the current fuel price crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"Kiwibank is the latest bank to raise home loan interest rates, as concern grows about the future path…\n","protected":false},"author":2,"featured_media":390252,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,2917,219,111,139,69,814],"class_list":{"0":"post-390251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-cost-of-living","10":"tag-economy","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz","14":"tag-property"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/390251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=390251"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/390251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/390252"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=390251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=390251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=390251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}