Mortgage News

Kiwibank laying down the gauntlet

Thursday 13th of August 2009

It isn't the only lender to do this, BNZ has dropped the floating rate on one of its products, Total Money, and Napier Building Society has also made a reduction with this term.

Kiwibank acting chief executive Paul Brock says recent comments by the Reserve Bank governor Alan Bollard that the Official Cash Rate (OCR) is likely to stay at its current level or lower for some time gave it co...

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