We suggested that home loans rates may fall following the OCR announcement. That's what has happened. ANZ, New Zealand's largest home loan lender, has dropped its one-year fixed home loan rate to what it says is a market-leading rate (ie: check the asterix). You can see how it stacks up. Here where we have sorted the full rates table from lowest to highest.
There is a catch though. It says it's a "limited time" offer and when it finishes its one-year rate will rise to 5.45%, last week the rate was 5.25%.
For more on this change, including some increases, click here
| « Yep, home loan rates go down | Westpac joins the action » |
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