Rates increased consistently this month. The latest mortgage interest rate survey conducted by Good Returns, showed that the frequency of increases slowed only as lenders held their collective breath for the Reserve Bank's OCR announcement later this week.
Thursday, December 4th 2003, 6:29AM
by The Landlord
Another interesting development this month was new variations to their lending products offered by some banks. For example, Westpac has withdrawn its 30 month rate and replaced it with an 18 month one set at 6.99%, while the BNZ announced a three year fixed rate of 7.60% with the first three months at 3.99%.
