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Old Mortgage News

More long-term home loan rates fall

Tuesday 14th of June 2005

The big news last week was the Reserve Bank’s decision to leave the Official Cash Rate unchanged at 6.75% and its comments that lower rates are unlikely in the foreseeable future.

Reserve Bank governor Alan Bollard made it clear last Thursday that lower mortgage rates are some way off. “There is no scope for an easing in policy in the foreseeabl...

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