
Mortgage News
Two year fixed rates best home loan option
Monday 5th of July 2004
Anthony Byett, chief economist at ASB Bank, reckons variable home loan rates will probably reach between 8.5% and 9% within the next 12 months.ASB and three of the other four major home lenders currently charge 8% on their floating mortgage rate while Westpac is charging 8.1%.
Bank of New Zealand chief economist Tony Alexander says the Reserve Bank’s Official Cash rate (OCR) could peak at...
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