Mortgage News

Rate cut may be further out

Thursday 13th of March 2003

The Real Estate Institute’s latest survey shows, most lending institutions cut their one to five year fixed rates in the past month, some even after Bollard’s March 6 Monetary Policy Statement.

ASB Bank, for example, cut its four-year rate on Saturday from 7.10% to 6.95% and its five-year rate from 7.15% to 6.95%. On Tuesday, National Bank made identical c...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.