Yesterday saw the last of the main retail banks, BNZ, follow the trend in home loan rate changes. Its floating and six-month rates have risen the same as all other banks so far - by 25 bps and its long-term rates (18-months through to four-years) all were cut by between 10 and 20 points.
SBS Bank also made similar changes however Heretaunga Building Society has only cut its two-year rate in this round by 45 basis points to now be under the median rate for non-bank lenders.
PSIS has increased its floating rate by 25 bps (as many other lenders have) but has only dropped its two-year fixed rate by 15 bps to 6.85%.
