TMM - News
Interest rates expected to plateau soon
Monday 31st of March 2025
A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.
Instead of borrowing on the floating or the six-month short-term rate while waiting for OCR cuts, borrowers have in the past couple of months flocked to the two-year rate, David Cunningham, Squirrel Mortgages chief executive says.
“The 4.99% rate has been...
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