Mortgage News

Finally it has happened

Tuesday 23rd of May 2006
As noted in previous home loan reports over the past couple of weeks BNZ has been holding back on increasing its fixed rates while the major banks increased their rates in response to rising swap rates in the market.

Its three, four and five year rates have gone up 15 points each and the two year rate 9 points to 7.69%.

It appears the two-year rate is where it wants to focus attention as t...

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