Mortgage News

Rates start easing

Tuesday 8th of August 2006
The trend started at the end of last with ASB Bank and its two related companies easing their mid-term fixed rates. They have been joined today by Bank of New Zealand which has lowered all its fixed rates, and some such as the two-year rate by 20 basis points.

The trigger for this easing comes from downward pressure on wholesale interest rates largely driven by weaker than expected gross domes...

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