ANZ introducing new 1 year special home loan interest rate @ 5.75%p.a., it is also making changes to their 1 year and 3 years home loan interest rates.
See below for a summary of the changes and effective dates.
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 firstname.lastname@example.org
Due to OCR hikes from 3.25% to 3.50%, ASB also increasing its Housing Variable rate.
2 Fixed Interest Rate Special (limited time), effective from 12 July 2014
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.
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