
Mortgage Rates Commentary
BNZ's turn to raise its rates
Tuesday 20th of October 2009
BNZ has now followed the recent trend and raised its fixed term rates of two or more years for its Standard, Fly Buys and GlobalPlus products, however unlike ASB and Westpac, BNZ has left its six-month fixed rates unchanged. BNZ's biggest rate jump was to its two-year rate which climbed 40 basis points. Its three, four and five-year rates increased by 20, 25 and 15 basis points resp...
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