Mortgage News

Lenders more than just tweaking their rates

Sunday 18th of May 2003
Floating and fixed mortgage interest rates eased significantly in the past month after the Reserve Bank cut its Official Cash Rate 25 basis points to 5.50%.

Real Estate Institute of New Zealand national president, Graeme Woodley says that most lending institutions reduced their one to three year fixed rates in the month ending May 10.

Thirteen of the 1...

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