CBS Canterbury caused the first mortgage rate ripples of 2010 by jumping up four of its rates by between 20 and 30 basis points yesterday.
Its six-month rate increased by 20 basis points to 6.45% putting it a lot higher than the median of 6.15% for non-bank lenders and its two-year rate also increased 20 basis points to 7.45%.
The one-year rate increased a 30 basis points to 6.55%, also significantly higher than the median of 6.25% and not to be left out the three-year rate also jumped up 26 basis points to 8.25%.
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