Reserve Bank of New Zealand

NZ floating first-mortgage new-customer housing rate

View country page: New Zealand

6.07%

+0.25 pp (+4.30%)

As of | Monthly

Mean
9.35%
Median
8.16%
Min
4.37%
Max
20.50%
DateRate
6.07
5.82
5.82
5.80
5.81
5.81
5.80
5.77
5.84
5.96
6.29
6.30
6.47
6.47
6.60
6.67
6.91
6.92
7.38
7.39
7.73
7.89
8.38
8.38

About this rate

Weighted average of advertised standard floating first-mortgage rates for new housing-loan customers (B3, INR.MBI06.F). Latest value: 6.07% for Jul 31, 2026. This monthly survey excludes special offers and fixed-rate loans.

From Feb 29, 1964 to Jul 31, 2026 (750 months): mean 9.35%, median 8.16%; low 4.37% (May 31, 2021), high 20.50% (Jun 30, 1987). An official benchmark, not a quote for your loan.

Source: RBNZ Retail interest rates (B3), series INR.MBI06.F. Licence: RBNZ statistics terms: republication permitted with attribution to the Reserve Bank of New Zealand (terms). Files: data/raw/hb3.xlsx.

Reading the figures

The survey excludes individually negotiated discounts. Advertised standard rates can change when banks reprice, rather than on the day a policy rate changes; this monthly survey can therefore lag market developments.

Read the latest value together with its observation date. The change compares it with the previous observation; when a policy rate is unchanged, the last actual move is shown where available. Percentage points measure the difference between two rates; a percentage change measures that difference relative to the earlier value. The summary statistics describe the history used on this page, not a forecast or a separate official aggregate.

The chart and table present the same series, with the newest table entries first. Range controls filter the chart without changing the data or recalculating the summary statistics. Explore enables zoom and pan. A policy rate, a market benchmark and a retail survey average are different measures; none is a personal loan or deposit offer.

About these rates

The deposit facility rate applies to banks’ overnight deposits with the Eurosystem. The ECB Governing Council sets it. €STR, shown separately, measures unsecured overnight borrowing in the euro market.

This page brings together central-bank policy rates, overnight market benchmarks such as SONIA, €STR and CORRA, and New Zealand lending and deposit rates from RBNZ surveys. These measures serve different purposes and are not interchangeable. Each series links to its history, definition, source and licence.

Choosing a country changes the order of the series, not their values or coverage. Euro-area countries share the ECB series; the site does not create national policy rates for them. Figures come from official files and are republished without alteration. Missing data is not estimated. Retail lending and deposit rates are available only for New Zealand. Readings may lag their source and are not financial advice.