Kiwibank cuts. Just BNZ to go
Kiwibank has joined with most of the other banks and cut some of its fixed rate home loan rates, with decreases in its longer term loans.
It is dropping its two, three and five year advertised home loan rates by between 10 and 29.
Kiwibank has also ended the "limited time special" four-year rate of 5.99% and increased it 51 basis points to 6.50%.
In the past two weeks there have been reductions in fixed term home loan rates. ANZ and National started things off but they have been followed by ASB, SBS, TSB, The Co-operative Bank and Westpac...MORE»
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ASB cuts 1 to 5 year fixed home loan rates
ASB, Bank Direct and Sovereign have cut their one to five year fixed rate home loan by between 10 and 20 basis points.
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Kiwibank goes long
Kiwibank has started the year by dropping its four year fixed home loan rate 80 basis points taking it to 5.99%.
MORE»Westpac and BNZ grow mortgage books
Westpac and Bank of New Zealand produced buoyant profits and strong mortgage book growth in the September quarter.
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