Mortgage Rates Commentary

Long rates rise; Classic goes

Monday 17th of June 2013

Today we have Kiwibank and AMP raising their four and five year rates. The former is up 11 points to 6.10% and the five year rate goes up 26 points to 6.25%.

Meanwhile at the short end BNZ have withdrawn its one-year Classic home loan rate. This was priced at 4.95% which made it one of the sharpest rates in this term. Its best one-year rate is now 5.25%.

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