More banks increase home loan rates

Westpac and ANZ have followed ASB and made changes to their rates with both increases and decreases.

ANZ has increased its 6 month rate from 6.10% to 6.35% and Simple Variable and Flexiplus rates from 5.95% to 6.20%. It has also introduced a 30 month special rate of 6.99% and lowered its 18 month, 2 year and 3 year rates.

Westpac has made similar moves increasing its floating, six month and revovling credit rates, and lowered its 18 month, two, three and four year rates.

Full details of the changes at mortgagerates.co.nz

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