OCR has been increased by 0.25% today to 3.50%. But there is good news for Mortgage payers as there may not be further increases in near future. The effect of these 4 increases will be assessed and OCR will stay at this level till that point of time. Encouragingly, the economy appears to be adjusting to the monetary policy tightening that has taken place since the start of the year,” Mr Wheeler, Reserve Bank Governor said on Thursday.
ASB is introducing a limited time 2 year fixed rate housing special of 5.99% p.a. and removing its 1 year fixed rate housing special of 5.95% p.a effective from 5:00pm on 1 August 2014. 2 year special can be applied to new and existing home lending where there is a minimum of 20% equity in the security property, i.e. a loan to value ratio (LVR) of 80% or less.
Note: To secure 2 years special rate, to review/refinance/restructure your loan or to discuss your financial situation, please contact Ravi Mehta on DDI 09 2159517, Mob 021 1810076 or email at email@example.com
Due to OCR hikes from 3.25% to 3.50%, ASB also increasing its Housing Variable rate.
ANZ Home Loan Floating and Flexible Interest Rates Moving Up.
Please contact us on DDI 09 2159517 Mob 021 181 0076 or email on firstname.lastname@example.org before effective date of the new interest rates to convert your Floating or Flexible loan to Fixed interest rates.
See below for a summary of the changes and effective dates (due to increase in OCR by 0.25% today)
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