Mortgage Rates Commentary 16 July 2010

Mortgage Rates

TSB Bank has made further reductions to its long-term fixed home loan rates this week.  Its three, four and five-year rates were cut by 25, 35 and 40 points respectively and these are the second lot of cuts in 6 weeks to these terms.

Credit Union North also made cuts with its two and three-year rates dropping by 30 and 45 points respectively to now it below the median rates for non-bank lenders.

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New Zealand

five star revews

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New Zealand

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