Mortgage News

ASB opens the rate hike floodgates

Thursday 17th of June 2010

 

ASB has upped its floating and six-month rates by 25 basis points to 6.00% and 6.10% respectively and it has also increased its one-year rate by 10 basis points to 6.45%. The increases put these rates above the medians for the major banks.

Normally floating rates move in lock step with OCR changes but this time it has taken a stand-off of seven days for a bank to make a cha...

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