Mortgage Rates Commentary 17 September 2009

Mortgage Rates

Silver Fern Mortgages has cut 55 basis points from its floating rate and made some big increases to its fixed rates of two-years and longer.  Its two-year rate rose 25 bps, its three-year up by 75 bps and its four and five-year rates rose by 80 and 100 basis points respectively.

Housing NZ lifted its two-year rate by 25 points on top of last weeks 45 and 30 point increase to its three and five-year rates respectively.

Keen for the best rate and some cash too?

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With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.

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New Zealand

five star revews

The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.

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Jo

New Zealand

five star revews

Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.

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