BNZ has this morning announced its cuts to fixed term home loans. Cuts have been made to one-year, 3, 4, 5 and 7 year rates and range from 10 points at the short end to 35 points for longer term loans. It has also removed its Classic one-year and 30-month rates and added a Classic two-year rate of 5.79%.
SBS and its subsidiary HBS have trimmed their two and three year home loan rates by 10 and 20 points respectively. See table for details.
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