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Wednesday, March 10th, 7:50AM
ANZ and National Bank have made considerable cuts to their long-term fixed rates.
ANZ has reduced its three, four and five-years by 24, 31 and 16 basis points respectively. Its new rates are now the lowest offered by a major bank by at least one basis point. ANZ's new four-year rate of 8.19% is now the lowest offered by all lenders in our table, followed closely by ASB, Kiwibank and National Bank with 8.20%.
National Bank has also cut its three, four and five-year rates albeit by a smaller dose. Its three-year rate dropped 16 points to 7.79%, its four-year rate was cut by 30 points to 8.20% and its five-year rate dropped by 10 points to 8.50%.
Mortgage Rates Table »Jacqui Sorenson knew exactly what to look for when she bought an investment property in Whangarei earlier this year. That's because she's a property manager at Whangarei Real Estate (Just Rentals Northland) and knew what the city's tenants want. The $205,000 Raumanga property is a three-bedroom house with garage. It's fully fenced, insulated and had a heat pump fitted already. Allowing pets makes the property much easier to rent. She has just rented the Fairburn Road property at $300 per week, which More...
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