Mortgage News
Seven year fixed rate attracts attention
Wednesday 14th of February 2007
Brendan O’Donovan, chief economist at Westpac says the market now thinks there is an 87% chance of a rate hike in March. He expects retails sales figures due for release later this week to strengthen the case for action by the Reserve Bank.Several banks have raised their fixed rates over the past week including National Bank, Bank Direct and TSB. There have been some reductions over the past...
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