Mortgage News

Fixed mortgage interest rates begin to firm

Tuesday 18th of December 2001
As a direct result of the Reserve Bank's easing of the OCR on November 10, all the lending institutions surveyed in the most recent Real Estate Institute of New Zealand mortgage interest rate survey have lowered their floating rates in the month to December 10.

The majority of lenders have dropped rates by 0.50%. Having remained completely stable for the month to November 1...

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