Mortgage News

Rates rise over Christmas

Wednesday 10th of January 2007
BNZ increased many rates by five to 10 basis points, and some non-bank lenders also raised rates. ANZ’s fixed rates are to rise by 10 to 25 basis points from January 10. Westpac has bucked the trend, with cuts across the board of five and 10 points.

Borrowers should be prepared for further increases in the cost of fixed rate funds over coming weeks and months and they can blame the United S...

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