National Bank raises floating home loan interest rate
The National Bank has followed the lead of the nation's other major banks and increased its variable home loan interest rate by 25 basis points.
Wednesday, June 16th 2004, 5:39AM
by The Landlord
The new rate will take effect from today for new customers and from July 5 for existing customers.
There are no changes to the bank's fixed home loan interest rates.
Bank of New Zealand moved yesterday, also bumping up its floating mortgage rate by 25 basis points to 8.0 per cent a year.
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