A new study has found most banks are giving customers the best home loan deal as rates stay at steady levels and floating becomes more popular.
Research company Canstar evaluated 153 home loans by 15 lenders to see which bank gives the best deal.
The result: most banks score well in terms of value for money for both fixed and floating rates.
Canstar national manager Derek Bonnar says New Zealanders have traditionally preferred fixed-rate mortgages but this year's study shows a trend towards floating ones.
He says it's because of the low-interest rate environment at the moment - andhe expects the trend to continue.