Weighted average of advertised standard floating first-mortgage rates for new housing customers (B3, INR.MBI06.F). Current: 6.07% for 31 Jul 2026. Monthly survey; specials and fixed terms are excluded.
From 29 Feb 1964 to 31 Jul 2026 (750 months): mean 9.35%, median 8.16%; low 4.37% (31 May 2021), high 20.50% (30 Jun 1987). An official benchmark, not a quote for your loan.
New Zealand's floating first-mortgage rate is a retail lending benchmark, not a policy rate. The figure comes from the Reserve Bank's B3 retail interest-rate survey, series INR.MBI06.F, and is a weighted average of the advertised standard floating rates offered to new housing customers. It is compiled monthly, so the headline is the latest survey month rather than a live quote, and advertised specials, fixed terms and discounts negotiated with individual borrowers are excluded. A central-bank survey average is a reference for the market, not an offer you can accept.
The chart plots the monthly survey history; the table repeats it as numbers in reverse order. The "versus the previous reading" line compares the latest month with the month before, and the mean, median, low and high describe the whole run shown. Range buttons shorten the window without recalculating anything, and Chart and Table are two views of one series. Because this is a survey average, it trails changes in wholesale funding costs and the OCR, and it can move when banks reprice rather than when the official rate changes.
About this desk
France does not set its own policy rate in this build. The France desk leads with the ECB deposit facility rate, the euro-area policy rate, then €STR, the euro overnight benchmark, followed by UK and US rates. France's monetary policy is set by the ECB Governing Council, so the desk uses the shared euro-area series rather than a Banque de France rate that does not exist as a policy instrument.
Germany, Italy, Ireland and the /ea/ desk show the same two ECB series. Values come from the ECB Data Portal and are republished with attribution; every desk carries the same series in a different order, so the figures do not change when you switch. The build ingests no French retail lending or deposit series, so those pages are absent rather than estimated. Nothing here is financial advice, and readings may lag their source.