The only change to advise today is Nelson Building Society has raised its two-year rate by 25 basis points to 6.75%.
Last week was an eventful one on the home loan rates front with numerous changes by almost all lenders. While all the changes in the medium and long term rates were upwards, Kiwibank and BNZ dropped floating rates. The question now is will other banks follow suit?
The latest house price data from the Real Estate Institute is in and shows that prices and sales volumes were steady last month in another signal that the decline in prices has probably ended. Click here for more.
And for anyone wanting to know what's happening over the ditch, a story on Sharechat.co.nz looks at why the Aussies are saying this recession may prove to be one of the shallower ‘recessions' the nation has faced. For more on this story click here.
