News
Mortgage interest rates: Big step up predicted
Thursday 7th of October 2021
These rates are still low by past standards, but a large proportional increase from existing levels.
The major trading banks have already started increasing interest rates since the Reserve Bank’s lifting of the official cash rate (OCR) this week by 0.25% to 0.50%. A clear indication it would have been increased in mid-August had it not been for Covid lockdowns.
ANZ, the c...
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