Yes, you read it right. With all the talk of falling interest rates, ASB, Bank Direct and Sovereign have hiked their one-year "Special" rates. Sure it's only four basis points to 4.35%, but it's still an increase. Further out the lenders have shaved 30 points from the three-year special rate. This is particularly interesting as it is a clear market leading price. See how it stacks up here were we sort mortgage rates from lowest to highest on the three-year term.
Meanwhile. Barfoot and Thompson says the Auckland property market took a hit in October. Details here
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