HSBC is the latest to join the rate-cutting trend

HSBC is the latest to join the rate-cutting trend

Scissors cutting paper

FLoating: 5.79% 6 Months: 4.65% 1 Year: 3.65% 18 Months: 3.69% 2 Years: 3.69% 3 Years: 3.85%

These cuts now give them the market-leading position in the 18 months and 3-year space.

In a recent TMM article, Nick Tuffley, an economist from ASB quoted, "big moves down have already occurred" on mortgage rates, and they believe that pricing will remain at this "historically low levels over the year ahead".

It will be interesting to watch what happens if the OCR does drop further has the experts are predicting.

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