Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Another rate cut from BNZ
After Westpac and ANZ lowering their 2-year rate to match BNZ's previous cut, it looks like BNZ have responded with yet another rival leading 2-year term.
Gross Domestic Product (GDP) expected to show slow growth
The figures are due to be released later this week, and most of the banks and economists have predicted for the Gross Domestic Product (GDP) to show slow growth.
BNZ drops their 2 year rate
As of this morning, BNZ has announced their new two year fixed rate of 3.54%, making them the lowest amongst their rivals. This new rate is even lower than Kiwibank's one year, 3.55%.
Banks stocking up for spring
With a record-low OCR, it looks like banks are taking advantage of low wholesale funds. According to KPMG's latest survey, Westpac launched a medium-term note issue seeking $100 million.