{"id":608639,"date":"2026-09-22T23:38:10","date_gmt":"2026-09-22T23:38:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/608639\/"},"modified":"2026-09-22T23:38:10","modified_gmt":"2026-09-22T23:38:10","slug":"major-bank-lowers-one-fixed-mortgage-rate-lifts-most-others","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/608639\/","title":{"rendered":"Major bank lowers one fixed mortgage rate, lifts most others"},"content":{"rendered":"<p>BNZ has lowered one key fixed home loan rate, but raised most others.<\/p>\n<p>The bank this morning cut its two year rate by 10 basis points to 5.35%. It also held its 18-month rate at 5.29%.<\/p>\n<p>Its six-month rate went up 10 basis poins to 4.89%. It also increased its one-year rate 20 basis points to 5.19%, its three-year rate by 10 basis points to 5.59%, its four-year rate by 20 basis points to 5.65% and its five-year rates 26 basis points to 5.75%.<\/p>\n<p>The rates are for those with 20% equity &#8211; those with less than 20% equity in their property will pay more.<\/p>\n<p>On Friday, Westpac cut its two-year rate and lifted others, <a href=\"https:\/\/www.1news.co.nz\/2026\/09\/18\/major-bank-cuts-two-year-mortgage-rate-raises-other-rates\/\" target=\"_blank\" rel=\"nofollow noopener\">pointing to<\/a> a sharp rise in funding costs flowing through to longer-term lending.<\/p>\n<p>All major banks <a href=\"https:\/\/www.1news.co.nz\/2026\/09\/03\/all-major-banks-hike-floating-mortgage-rates\/\" target=\"_blank\" rel=\"nofollow noopener\">lifted floating rates<\/a> in the wake of the Reserve Bank lifting the official cash rate at the start of the month. <\/p>\n<p class=\"text-greyDarkFaded\">The morning&#8217;s headlines in 90 seconds, including National&#8217;s attack ad backfires, and a terrifying collision at sea (Source: Breakfast)<\/p>\n","protected":false},"excerpt":{"rendered":"BNZ has lowered one key fixed home loan rate, but raised most others. The bank this morning cut&hellip;\n","protected":false},"author":2,"featured_media":608640,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,2917,219,111,139,69,244,814],"class_list":["post-608639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-cost-of-living","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-property"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/608639","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=608639"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/608639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/608640"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=608639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=608639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=608639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}