ANZ National Bank has kicked off the week with more cuts to home loan rates. The main feature is in the two year term where it is now offering the lowest carded standard rate of 5.49%. One basis point lower than TSB. Most of the other banks are offering a 5.55% rate.
Also the new 18 month rate is 5.55% is equal with Westpac and only bettered by BNZ Classic on 5.10%.
Last week was full on with cuts to home loan rates and looking at what's happening in wholesale markets there could be further cuts this week. Jenny Ruth investigatges here.
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