1 Comment 1 CommentThe Co-Operative Bank is the latest to increase its fixed rate home loans, bumping up three, four and five year rates between 10 and 20 basis points. Still, as expected, no one has cut floating rates.
| « Rates won't fall on back of OCR cut | Drop in mortgage-free properties » |
Special Offers
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved
We are raising our fixed home loan rates because:
A We choose to take no notice of the recent OCR cut
B We have to borrow money from overseas at marginally higher rates of interest
C We are worried about future increases in the already obscene salaries paid to our executives
D The banks in NZ do not compete with each other
E Our borrowers are basically stupid and believe everything we tell them