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Mortgage Rates Commentary

Rates just keep rising

Tuesday 16th of July 2013

Today it is BNZ's turn to increase rates. It has hiked three, four, five and seven year rates for its Standard & Fly Buys and Global Plus products. At the same time it has removed its Classic two-year fixed rate and replaced it with a 5.89% three year rate.

As you will see here where we have sorted the table on the three-year term, the Classic rate is pretty competitive, but the changes to the other two products put them at the more expensive end.

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