Docstoc

Mortgage Rates

Document Sample
Mortgage Rates Powered By Docstoc
					           Historical fixed term mortgage rates (new customer average rate)
            (Percent per annum)

              As at end of month            1 year       3 years
                          Nov-91                  9.90            ..
                          Dec-91                  9.90            ..
                           Jan-92                 9.90            ..
                          Feb-92                  9.77            ..
                          Mar-92                  9.71            ..
                          Apr-92                  9.63            ..
                         May-92                   9.28            ..
                           Jun-92                 9.28            ..
                            Jul-92                8.68            ..
                          Aug-92                  8.60            ..
                          Sep-92                  8.63            ..
                           Oct-92                 8.46            ..
                          Nov-92                  8.09            ..
                          Dec-92                  7.99            ..
                           Jan-93                 8.09            ..
                          Feb-93                  8.78            ..
                          Mar-93                  8.43            ..
                          Apr-93                  8.46            ..
                         May-93                   8.53            ..
                           Jun-93                 8.41            ..
                            Jul-93                7.98            ..
                          Aug-93                  7.81            ..
                          Sep-93                  7.73         7.95
                           Oct-93                 6.99         7.75
                          Nov-93                  6.92         7.75
                          Dec-93                  6.97         7.75
                           Jan-94                 6.92         7.75
                          Feb-94                  6.64         7.25
                          Mar-94                  6.58         7.25
                          Apr-94                  6.58         7.82
                         May-94                   7.34         8.20
                           Jun-94                 7.33         8.12
                            Jul-94                7.53         8.15
                          Aug-94                  8.04         8.75
                          Sep-94                  7.98         8.75
                           Oct-94                 8.09         9.46
                          Nov-94                  8.74         9.67
                          Dec-94                  9.38        10.13
                           Jan-95                10.50        10.96
                          Feb-95                 10.33        10.96
                          Mar-95                 10.28        10.88
                          Apr-95                 10.36        10.80
                         May-95                  10.26        10.46
                           Jun-95                 9.53         9.33
                            Jul-95                9.38         9.25
                          Aug-95                  9.28         9.25
                          Sep-95                  9.48         9.18
                           Oct-95                 8.92         8.94
                          Nov-95                  8.79         8.79
                          Dec-95                  8.79         8.78




Historical fixed term mortgage rates (1991-1998).xls
Ref #3089106 v4.1
                             Jan-96                8.93    8.98
                            Feb-96                 8.98    9.10
                            Mar-96                 9.12    9.20
                            Apr-96                 9.52    9.76
                            May-96                10.44   10.68
                            Jun-96                10.95   10.92
                             Jul-96               10.95   11.08
                            Aug-96                10.86   10.99
                            Sep-96                10.56   10.31
                            Oct-96                10.46    9.96
                            Nov-96                 9.99    9.31
                            Dec-96                 9.77    8.97
                             Jan-97                8.98    9.09
                            Feb-97                 8.89    9.18
                            Mar-97                 8.88    9.28
                            Apr-97                 9.27    9.81
                            May-97                 8.74    9.66
                            Jun-97                 8.52    9.50
                             Jul-97                8.21    8.70
                            Aug-97                 9.08    9.01
                            Sep-97                 9.05    9.23
                            Oct-97                 8.92    8.84
                            Nov-97                 8.89    8.75
                            Dec-97                 8.85    8.84
                             Jan-98                9.78    9.54
                            Feb-98                 9.70    9.31
                            Mar-98                 9.69    9.24
                            Apr-98                10.02    9.66
                            May-98                 9.70    9.46

          Last updated 15 August 2007
          Source: Reserve Bank of New Zealand




Historical fixed term mortgage rates (1991-1998).xls
Ref #3089106 v4.1
              A     B                               C                                    D          E          F
         1   Specified loans on balance sheet (M3 institutions) - See Notes tab below for explanations
         2                                                                              Jun-98      Jul-98    Aug-98
         3   E6          New customer average rate 0.00% (end of month)
         4       E6.1 Floating                                                            11.17      10.01         8.93
         5       E6.2 Capped                                                                  ..         ..           ..
         6               Fixed (Time to rate reset)
         7       E6.3 6 months                                                            10.00       8.85         7.77
         8       E6.4 1 year                                                               9.86       8.91         7.91
         9       E6.5 2 years                                                              9.82       9.01         8.28
        10       E6.6 3 years                                                              9.58       8.96         8.45
        11       E6.7 4 years                                                              9.43       8.97         8.56
        12       E6.8 5 years                                                              9.22       8.80         8.53
        13
        14   Last updated 31 August 2005
        15   Source: Reserve Bank of New Zealand




9/15/2008                                                                                                     June 1998 - Nov 2004
             G           H            I            J           K           L           M         N            O
         1
         2   Sep-98      Oct-98      Nov-98       Dec-98       Jan-99      Feb-99      Mar-99    Apr-99      May-99
         3
         4       8.09        7.17         6.55         6.47        6.44        6.43      6.44        6.43         6.43
         5          ..          ..           ..           ..          ..          ..        ..          ..           ..
         6
         7       6.82        5.96         5.75         5.74        5.74        5.74      5.69        5.74         5.81
         8       7.22        6.45         6.01         6.09        6.26        6.22      6.22        6.05         6.18
         9       7.85        7.21         6.97         6.92        6.94        6.82      6.69        6.65         6.79
        10       8.08        7.63         7.21         7.10        7.18        7.04      7.02        6.95         7.25
        11       8.17        7.90         7.53         7.50        7.48        7.37      7.30        7.32         7.63
        12       8.18        7.94         7.63         7.53        7.63        7.50      7.45        7.46         7.83
        13
        14
        15




9/15/2008                                                                                                           June 1998 - Nov 2004
             P           Q            R           S           T            U           V           W         X
         1
         2   Jun-99      Jul-99      Aug-99       Sep-99      Oct-99      Nov-99       Dec-99      Jan-00    Feb-00
         3
         4       6.42        6.44         6.44        6.47        6.63         6.64        7.04      7.46        7.53
         5          ..          ..           ..          ..          ..           ..          ..        ..          ..
         6
         7       5.86        5.85         6.01        6.20        6.60         6.73        7.02      7.28        7.54
         8       6.27        6.30         6.70        6.87        7.10         7.19        7.55      7.78        7.99
         9       7.05        7.11         7.66        7.77        7.94         7.96        8.28      8.47        8.66
        10       7.55        7.61         8.19        8.28        8.47         8.44        8.58      8.78        8.87
        11       7.95        8.03         8.48        8.57        8.75         8.73        8.85      8.95        9.04
        12       8.16        8.16         8.66        8.78        8.92         8.90        8.97      9.11        9.14
        13
        14
        15




9/15/2008                                                                                                          June 1998 - Nov 2004
              Y           Z           AA        AB        AC       AD        AE        AF        AG
         1
         2   Mar-00       Apr-00      May-00    Jun-00    Jul-00   Aug-00    Sep-00    Oct-00    Nov-00
         3
         4        8.01        8.03      8.52      8.71     8.71      8.57      8.44      8.43      8.43
         5           ..          ..        ..        ..       ..        ..        ..        ..        ..
         6
         7        7.85        7.87      8.24      8.19     8.01      7.92      7.90      7.74      7.31
         8        8.00        8.08      8.44      8.39     8.26      8.05      7.94      7.94      7.93
         9        8.57        8.55      8.70      8.52     8.35      8.25      8.24      8.12      8.08
        10        8.78        8.77      8.88      8.61     8.44      8.33      8.28      8.18      8.13
        11        8.90        8.87      8.97      8.70     8.50      8.39      8.34      8.29      8.23
        12        8.95        8.92      9.02      8.75     8.55      8.41      8.37      8.33      8.24
        13
        14
        15




9/15/2008                                                                                             June 1998 - Nov 2004
             AH        AI        AJ        AK        AL        AM        AN        AO       AP
         1
         2   Dec-00    Jan-01    Feb-01    Mar-01    Apr-01    May-01    Jun-01    Jul-01   Aug-01
         3
         4     8.43      8.33      8.32      8.15      7.87      7.62      7.63     7.62      7.62
         5        ..        ..        ..        ..        ..        ..        ..       ..        ..
         6
         7     7.69      7.27      7.24      7.15      6.94      6.94      6.94     6.94      6.91
         8     7.89      7.34      7.04      6.85      6.78      6.76      6.97     7.07      6.96
         9     7.94      7.35      7.16      7.01      7.17      7.19      7.43     7.61      7.45
        10     7.95      7.44      7.40      7.12      7.36      7.50      7.76     7.93      7.78
        11     7.97      7.51      7.56      7.30      7.52      7.70      7.94     8.09      7.96
        12     7.98      7.52      7.65      7.39      7.62      7.86      8.06     8.13      8.07
        13
        14
        15




9/15/2008                                                                                        June 1998 - Nov 2004
             AQ        AR        AS        AT        AU        AV        AW        AX        AY
         1
         2   Sep-01    Oct-01    Nov-01    Dec-01    Jan-02    Feb-02    Mar-02    Apr-02    May-02
         3
         4     7.16      7.11      6.65      6.64      6.64      6.63      7.07      7.37      7.64
         5        ..        ..        ..        ..        ..        ..        ..        ..        ..
         6
         7     6.51      6.04      5.63      5.84      5.98      6.10      6.90      7.15      7.16
         8     6.52      6.38      6.06      6.23      6.31      6.46      7.21      7.48      7.51
         9     6.98      6.73      6.59      6.88      6.97      7.12      7.78      7.92      7.92
        10     7.34      7.10      7.04      7.30      7.46      7.56      8.13      8.19      8.17
        11     7.62      7.44      7.41      7.57      7.77      7.84      8.33      8.31      8.28
        12     7.76      7.62      7.58      7.78      7.93      7.98      8.49      8.44      8.41
        13
        14
        15




9/15/2008                                                                                         June 1998 - Nov 2004
             AZ        BA       BB        BC        BD        BE        BF        BG        BH
         1
         2   Jun-02    Jul-02   Aug-02    Sep-02    Oct-02    Nov-02    Dec-02    Jan-03    Feb-03
         3
         4     7.65     7.87      7.75      7.75      7.75      7.75      7.75      7.73      7.73
         5        ..       ..        ..        ..        ..        ..        ..        ..        ..
         6
         7     7.16     7.13      6.94      6.92      6.79      6.79      6.92      6.79      6.73
         8     7.48     7.35      7.18      7.02      6.94      6.94      6.89      6.84      6.76
         9     7.87     7.60      7.40      7.33      7.14      7.05      7.20      7.17      6.92
        10     7.97     7.79      7.56      7.47      7.35      7.32      7.38      7.35      7.00
        11     8.12     7.88      7.67      7.56      7.49      7.47      7.52      7.48      7.07
        12     8.21     7.96      7.76      7.67      7.54      7.60      7.67      7.62      7.20
        13
        14
        15




9/15/2008                                                                                        June 1998 - Nov 2004
             BI        BJ        BK        BL        BM       BN        BO        BP        BQ
         1
         2   Mar-03    Apr-03    May-03    Jun-03    Jul-03   Aug-03    Sep-03    Oct-03    Nov-03
         3
         4     7.73      7.62      7.51      7.26     7.16      7.03      7.03      7.02      7.06
         5        ..        ..        ..        ..       ..        ..        ..        ..        ..
         6
         7     6.85      6.59      6.24      6.16     6.27      6.20      6.20      6.30      6.58
         8     6.74      6.64      6.30      6.17     6.17      6.35      6.40      6.67      6.87
         9     6.91      6.82      6.35      6.20     6.24      6.88      6.80      7.12      7.36
        10     7.02      6.95      6.59      6.31     6.47      7.02      6.99      7.32      7.57
        11     7.13      7.12      6.75      6.42     6.68      7.21      7.25      7.51      7.67
        12     7.18      7.19      6.83      6.52     6.77      7.38      7.37      7.60      7.73
        13
        14
        15




9/15/2008                                                                                        June 1998 - Nov 2004
             BR        BS        BT        BU        BV        BW        BX        BY       BZ
         1
         2   Dec-03    Jan-04    Feb-04    Mar-04    Apr-04    May-04    Jun-04    Jul-04   Aug-04
         3
         4     7.13      7.18      7.42      7.45      7.45      7.71      7.94     7.90      8.18
         5        ..        ..        ..        ..        ..        ..        ..       ..        ..
         6
         7     6.59      6.61      6.67      6.65      6.64      6.87      7.22     7.29      7.52
         8     6.89      6.90      6.86      6.74      6.78      7.00      7.38     7.46      7.49
         9     7.39      7.36      6.99      6.84      6.90      7.26      7.64     7.67      7.72
        10     7.60      7.55      7.47      7.04      7.13      7.42      7.75     7.80      7.83
        11     7.69      7.65      7.58      7.25      7.29      7.60      7.93     7.96      7.96
        12     7.74      7.71      7.64      7.32      7.39      7.68      8.01     8.03      8.01
        13
        14
        15




9/15/2008                                                                                        June 1998 - Nov 2004
             CA        CB        CC
         1
         2   Sep-04    Oct-04    Nov-04
         3
         4     8.45      8.45      8.68
         5        ..        ..        ..
         6
         7     7.63      7.65      7.65
         8     7.63      7.65      7.53
         9     7.63      7.36      7.12
        10     7.69      7.69      7.67
        11     7.78      7.72      7.70
        12     7.80      7.73      7.69
        13
        14
        15




9/15/2008                                  June 1998 - Nov 2004
Historical (pre Nov 2004) fixed term mortgage rates (new customer average rate)

November 1991 to May 1998
Average rates shown in this workbook pre June 1998 are indicative only. These have been compiled from often incomplete information from len
Data quality improved from 1993 onwards when fixed mortgages became more widely available.

June 1998 to November 2004
Data from June 1998 to November 2004, reproduced in this workbook on tab "June 1998 - Nov 2004", have been sourced from the Standard Stat
covering the average of M3 institutions' new customer rates. In this period, M3 institutions included all registered banks with large loan portfolio
Access this data through the following link (in each workbook referred to below see tab "Loans on balance sheet", part E6, for New customer ave
  http://www.rbnz.govt.nz/statistics/monfin/discontinued/ssr/ssrpartE/hssr_part_e.xls

December 2004 onwards
These data cover all registered banks and are currently published monthly on the Reserve Bank website. Access these data directly from the foll
 http://www.rbnz.govt.nz/statistics/monfin/rbssr/rbssrparte/hrb_ssr_part_e.xls




Proportion of fixed versus variable mortgage interest rate in bank portfolios
The Reserve Bank informally surveyed banks with large residential mortgage portfolios, as at August, from 1994 to 1997 for the proportion of fi

Percentage outstanding             Fixed
                              (including
     as at end of month          capped)     Variable
              Aug 1994               7%         93%
              Aug 1995              21%         80%
              Aug 1996              41%         59%
              Aug 1997              52%         48%

For a more complete survey coverage of mortgage loans outstanding from Jun 1998 onwards, download the following workbooks:
(in each workbook referred to below see tab "Loans on balance sheet", part E4 Residential mortgages - $m)
  M3 institutions (coverage from Jun 1998 to Nov 2004):
     http://www.rbnz.govt.nz/statistics/monfin/discontinued/ssr/ssrpartE/hssr_part_e.xls
  Registered Banks (coverage from Dec 2004 onwards):
     http://www.rbnz.govt.nz/statistics/monfin/rbssr/rbssrparte/hrb_ssr_part_e.xls
 compiled from often incomplete information from lenders, and from media clippings.




Nov 2004", have been sourced from the Standard Statistical Return
 included all registered banks with large loan portfolios, and Southland Building Society.
oans on balance sheet", part E6, for New customer average rate):




Bank website. Access these data directly from the following link.




 at August, from 1994 to 1997 for the proportion of fixed and variable interest rate loans. The results were:




 s, download the following workbooks:

				
DOCUMENT INFO
Description: This is an example of mortgage rates. This document is useful for studying mortgage rates.