Market Chatter: ANZ Says More New Zealand Customers Asking to Switch Home Loans from Floating Rate to Fixed Rate, Radio New Zealand Reports

MT Newswires Live12-18 08:10

ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said more New Zealand customers were asking about switching from a floating rate home loan to a fixed rate home loan recently, after retail home loan rates started to rise, Radio New Zealand reported on Thursday.

The Reserve Bank indicated another cut to the official cash rate was very likely. However, wholesale rates had almost completely priced in a rate cut, with the resulting adjustment in wholesale rates pushing up the rates offered by lenders to home-loan borrowers.

Reserve Bank of New Zealand governor Anna Breman said on Monday that while the forward path for the policy rate indicated a slight probability of another rate cut in the near term.

"However, if economic conditions evolve as expected, the cash rate is likely to remain at its current level of 2.25% for some time," Breman said.

She added that the central bank is "closely monitoring wholesale market interest rates, and their effect on households and businesses."

ANZ economist David Croy said, "2026 was always expected to be a year characterized by higher interest rates, especially in the two to five-year part of the swap curve."

Floating rate home loans clocked in at NZ$51.6 billion in October, up from NZ$42.7 billion in the same month in the previous year, per the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592944303?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-18 08:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592944303","market":"fut","top_or_hot":-1,"title":"Market Chatter: ANZ Says More New Zealand Customers Asking to Switch Home Loans from Floating Rate to Fixed Rate, Radio New Zealand Reports","media":"MT Newswires Live","content":"<html><body><p> ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said more New Zealand customers were asking about switching from a floating rate home loan to a fixed rate home loan recently, after retail home loan rates started to rise, Radio New Zealand reported on Thursday.</p><p>The Reserve Bank indicated another cut to the official cash rate was very likely. However, wholesale rates had almost completely priced in a rate cut, with the resulting adjustment in wholesale rates pushing up the rates offered by lenders to home-loan borrowers.</p><p>Reserve Bank of New Zealand governor Anna Breman said on Monday that while the forward path for the policy rate indicated a slight probability of another rate cut in the near term.</p><p>\"However, if economic conditions evolve as expected, the cash rate is likely to remain at its current level of 2.25% for some time,\" Breman said.</p><p>She added that the central bank is \"closely monitoring wholesale market interest rates, and their effect on households and businesses.\"</p><p>ANZ economist David Croy said, \"2026 was always expected to be a year characterized by higher interest rates, especially in the two to five-year part of the swap curve.\"</p><p>Floating rate home loans clocked in at NZ$51.6 billion in October, up from NZ$42.7 billion in the same month in the previous year, per the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: ANZ Says More New Zealand Customers Asking to Switch Home Loans from Floating Rate to Fixed Rate, Radio New Zealand Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: ANZ Says More New Zealand Customers Asking to Switch Home Loans from Floating Rate to Fixed Rate, Radio New Zealand Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-18 08:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said more New Zealand customers were asking about switching from a floating rate home loan to a fixed rate home loan recently, after retail home loan rates started to rise, Radio New Zealand reported on Thursday.</p><p>The Reserve Bank indicated another cut to the official cash rate was very likely. However, wholesale rates had almost completely priced in a rate cut, with the resulting adjustment in wholesale rates pushing up the rates offered by lenders to home-loan borrowers.</p><p>Reserve Bank of New Zealand governor Anna Breman said on Monday that while the forward path for the policy rate indicated a slight probability of another rate cut in the near term.</p><p>\"However, if economic conditions evolve as expected, the cash rate is likely to remain at its current level of 2.25% for some time,\" Breman said.</p><p>She added that the central bank is \"closely monitoring wholesale market interest rates, and their effect on households and businesses.\"</p><p>ANZ economist David Croy said, \"2026 was always expected to be a year characterized by higher interest rates, especially in the two to five-year part of the swap curve.\"</p><p>Floating rate home loans clocked in at NZ$51.6 billion in October, up from NZ$42.7 billion in the same month in the previous year, per the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2592944303","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592944303","pubTimestamp":1766016642,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said more New Zealand customers were asking about switching from a floating rate home loan to a fixed rate home loan recently, after retail home loan rates starte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","BK4195":"互助储蓄与抵押信贷金融服务","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","NZ50G.NZ":"S&P/NZX 50","SWCH":"Switch Inc.","NZ20C.NZ":"S&P/NZX 20","BK7135":"综合性银行","BK7511":"ESG概念","ANZ.AU":"ANZ GROUP HOLDINGS LTD","BK4513":"直播概念","CUBI":"Customers Bancorp Inc.","BK4211":"区域性银行","T10G.NZ":"S&P/NZX 10","BK4116":"互联网服务与基础架构","HBCP":"Home Bancorp Inc","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1"},"translate_title":"市场热议：据新西兰广播电台报道，澳新银行表示，更多新西兰客户要求将住房贷款从浮动利率转为固定利率","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":1,"NZ50G.NZ":1.5,"SWCH":1.5,"T10G.NZ":1.5,"CFA.SI":0.71,"HBCP":1.5,"NZ20C.NZ":1.5,"CUBI":1.5},"content_text":"ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said more New Zealand customers were asking about switching from a floating rate home loan to a fixed rate home loan recently, after retail home loan rates started to rise, Radio New Zealand reported on Thursday.The Reserve Bank indicated another cut to the official cash rate was very likely. However, wholesale rates had almost completely priced in a rate cut, with the resulting adjustment in wholesale rates pushing up the rates offered by lenders to home-loan borrowers.Reserve Bank of New Zealand governor Anna Breman said on Monday that while the forward path for the policy rate indicated a slight probability of another rate cut in the near term.\"However, if economic conditions evolve as expected, the cash rate is likely to remain at its current level of 2.25% for some time,\" Breman said.She added that the central bank is \"closely monitoring wholesale market interest rates, and their effect on households and businesses.\"ANZ economist David Croy said, \"2026 was always expected to be a year characterized by higher interest rates, especially in the two to five-year part of the swap curve.\"Floating rate home loans clocked in at NZ$51.6 billion in October, up from NZ$42.7 billion in the same month in the previous year, per the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592944303","isCrawlerRequest":true}