Mortgage News

ANZ National sharpens rate for Chch borrowers

Friday 11th of May 2012

The Christchurch rate is now the lowest one-year rate in the market, beating Kiwibank's 4.99% rate "special" for those with at least 30% equity.

Earlier this week, ANZ cuts its standard one-year fixed rate to 5.25% from 5.65%, citing cheaper longer-term wholesale rates. If rates change, the special Christchurch rate will remain at 70 basis points below ANZ's national one-year rate.

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