Article #976495934
Friday, November 13th 2009, 9:55AM
It's been a relatively quiet week for mortgage rates but banks have been feeling the heat in other areas.
ASB, the main mover last weekend, now has the highest standard fixed interest rates (excluding the four-year rate) for the major banks.
Other lenders to make changes this week were PSIS and Southern Cross Building Society who now have the lowest six-month rate overall at 5.45% and Southern Cross has the lowest one-year rate at 5.80%. SBS Bank increased its two-year rate by 11 points to a competitive 7.20% and NZF increased its rates of six-month to three-years, now bringing them well over the median rates for these terms.
The Reserve Bank of New Zealand's (RBNZ) views and the opposition-led banking inquiry results are predominant in mortgage news this week, to view these stories and more go to MortgageRates.co.nz.
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