Kiwibank has increased most of its fixed-term mortgage rates, a move confirmed by its official website and financial data services. The changes apply to various terms, with specific increases for one, two, and three-year fixed rates. This adjustment aligns with movements in wholesale interest rates and the broader lending market.
Non-bank lender Xceda Finance also raised its fixed mortgage rates, announcing the changes late on Monday, April 20, 2026. The company cited rising funding costs as the primary reason for the adjustment, affecting both new and existing customers seeking to refix their loans.
These rate hikes by Kiwibank and Xceda reflect a continuing trend of tightening monetary conditions. Economists note that such increases are responses to persistent inflationary pressures and expectations regarding the Official Cash Rate (OCR) set by the Reserve Bank. Borrowers are advised to review their mortgage structures and seek financial advice.
The changes come as many homeowners are due to refix their mortgages in the coming months. Market analysts suggest that borrowers should prepare for higher repayments and explore all available options, including different loan terms and lenders, to manage their household budgets effectively.
