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Weekly Mortgage Rate Report: Up, Up And Away

Tuesday 10th of August 2004
During the week most providers increased their rates in short term area, however the response has been varied.

Normally when the central bank increases its OCR lenders increase their floating rate by the same amount. The reasoning behind this is that short-term lending rates are set off what is happening in the New Zealand money market and the longer-term rates are set off the United St...
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