Results: Mortgage Rates
The Co-Operative Bank challenging the big banks
Another week, another rate cut. This time from an unexpected source, The Co-Operative Bank. For clients who like to support a Kiwi...
Three things to consider when choosing your mortgage rate
We're entering a market where interest rates are the lowest they have ever been. The question most people are contemplating is:
Chinese banks setting the new standard
The Chinese bank ICBC is the latest to sharpen its home loan rate with 3.18% for one year, 18 months and two years fixed.
3.49% is now the new norm
Kiwibank has announced their two-year fixed term today to be 3.49% as of Monday the 30th September. This is following BNZ’s announcement a week ago and Westpac and ASB's decision a couple of days later.
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.
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%.