The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
Kiwibank has today cut all its variable rates by between 0.20% and 0.25% following the Reserve Bank’s reduction in the Official Cash Rate.
BNZ has dropped its interest rates in response to today’s decrease in the OCR as follows: - 20 bps off Standard - from 5.99% to 5.79% - 10 bps off TotalMoney - from 5.89% to 5.79% - 14 bps off Rapid Repay - from 5.99%to 5.85%
Kiwibank has made cuts to variable rates following the 0.25% cut announced this morning by the Reserve Bank. Variable, revolving and offset mortgage rates have all been cut by 0.25% to 5.65% p.a.
ASB has lowered its 3-year special fixed home loan rate by 0.30% from 4.79% p.a. to 4.49% p.a. The rate change, applied to the three-year fixed rate, celebrates the All Blacks as three-time world champions.
Research released by BNZ today reveals New Zealander’s expectations are out of step with reality when it comes to paying off home loans.
Kiwibank has made cuts to all fixed rates following the 0.25% cut announced yesterday to variable rates. The new rates are: Variable: 5.90% (down 0.25%) Offset mortgage: 5.90% (down 0.25%) Revolving: 5.90% (down 0.25%) 6 month fixed: 5.19% (down 0.10%)
ASB has reduced its one-year home loan fixed interest rate special to 4.69% p.a for a limited time.
ASB has reduced its one-year home loan fixed interest rate special to 4.89% p.a for a limited time.
ASB has lowered a range of its home loan fixed interest rates, including its one year and two year fixed interest rate specials.