Down they come
Thursday, January 26th 2012, 5:00AM 
1 Comment
We have more home loan rate cuts. This time from ASB, Bank Direct and Sovereign. Their changes have been to longer rates (one year plus) and range from 10 basis points to 20 basis points. All the new rates are in our table.
The Reserve Bank has kept the OCR at its historic low of 2.50% today, citing global uncertainty and modest growth in New Zealand. He gave no indication of when hikes will start.
Click here to see what RBNZ governor Alan Bollard said.
| « Another bank cuts rates | ASB cuts 1 to 5 year fixed home loan rates » |
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Comments from our readers
On 26 January 2012 at 11:32 pm Jeff Royle said:
With Kiwis losing the 'fixed rate' obsession banks are looking to lend so it's not just the markets, it's the demand. Westpac did a 5.49% two year fix for an 85% advance the other day. Commenting is closed
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