
Mortgage News
ASB Bank falls into line
Monday 27th of March 2000
ASB Bank has just joined the other trading banks by boosting its floating mortgage rate from 7.60 per cent to 8.10 per cent.
The increase is effective immediately for new borrowers and is a result of sustained higher wholesale rates, the bank says. After the Reserve Bank increased its Official Cash Rate ten days ago, a number of mortgage lenders have put up floating and shorter term fixe...
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