Article #976496946

Thursday, July 1st 2010, 7:36AM

Economic forecasts for robust housing market activity to appear in tandem with rising interest rates over the next two years are “off with the fairies,” according to Rodney Dickens.

Kiwibank has cut 31 basis points off its two-year fixed home loan rate, reducing it from 7.30% which is the median for all banks to 6.99%.

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