Fixed term mortgage interest rates have continued to increase, according to the latest mortgage interest rate survey conducted by the Real Estate Institute of New Zealand (REINZ).
Sunday, September 28th 2003, 5:41AM
by The Landlord
In the month to September 10, 16 of the 17 lending institutions offering fixed term rates increased their rates by between 0.05 and 0.41%. However, this rise in interest rates is less than last month, when rates increased by between 0.10 to 0.65%.
Floating interest rates stabilised, having eased by between 0.20 and 0.25% in the month to August 10, with most mortgage providers leaving their floating rates unchanged. The current floating interest rates range from between 6.55 to 7.10%.
