Article #976495126
Friday, May 15th 2009, 6:56AM
Just as we are watching and waiting in anticipation for interest rates to come down, Housing NZ have increased its one, two and five-year fixed rates by 20 basis points for its one-year rate and 25 for both its two and five-year rates.
SBS has cut a further 20 points from its one-year rate to come into line with other lenders 29 point cut to their one-year fixed interest rates over the past week.
Today's story on Good Returns looks more into the raging debate on why banks haven't passed on RBNZ latest 50 basis point OCR cut.
The graph shown here shows this weeks interest rate cuts.
Click here to view our rates table in full and click here to graph comparisons.
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