TMM - News

Special mortgage rates flat in August

Wednesday 8th of September 2021

The average residential mortgage rate increased only marginally last month, according to RBNZ data.

Short term rates saw a small increase in price, while longer terms either held firm or decreased slightly.

Average special rates on one year mortgages rose from 2.48% to 2.49% over the month.

Two year special rates rose by four basis points, up from 2.82% to 2.86%. 

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