ASB hikes rates
Thursday, August 5th 2010, 7:30AM
Finally we have some home loan rates; nearly a week after the Reserve Bank increased the offical cash rate 25 points to 3.00%.
ASB and Sovereign are increasing their floating and six month rates 25 points each. Their floating rates go to 6.25% and 6.35% respectively and six month rates to 6.35% and 6.50%. However they are dropping rates for two years or more between five and 15 points.
Full details here.
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