BNZ has lowered its six-month home loan rate, and is raising its four and five-year offerings.
The six-month rate was lowered by -0.20% to 4.49%.
The four-year rate was lifted 0.26% to 5.55%, while the five-year rate was going up 0.40% to 5.69%
The changes come into effect today.
Those with less than 20% equity in their property will pay a low equity interest rate premium.
Last week Westpac increased most of its standard and special home loan rates, and also cut its six-month offering.
It said it was a response to recent changes to funding costs.
Earlier in January, ANZ increased its floating and flexible home loan interest rates.
The Reserve Bank's next official cash rate decision - the first under new Governor Anna Breman - is on February 18.
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