BNZ drops rates

Mortgage Rates

BNZ has this morning dropped some of its fixed rates, but increased Total Money from 5.59% to 5.74%. It has taken 25 basis points and 21 points respectively off some one year and two year rates.

We have more results from banks today on their lending. Featured in the news is SBS which has tells how the Canterbury earthquakes have hit its business. Details here.

How does this impact me?