Mortgage Rates Commentary

Weekly round up

Friday 18th of September 2009

Normally the sinking feeling isn't a good one, but this week's been different. Floating rates have been sinking bringing down the cost of borrowing for many people. During the week Westpac and BNZ have both made significant cuts to their floating rates with cuts of up to 80 basis points in one case. With cuts of this magnitude lenders could well be admitting that their margins on floating rate...

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