Credit Union North increased its three-year rate at the end of last week by 20 basis points to 6.95% and advised that they are no longer offering a five-year home loan fixed interest rate.
Following on from the blasting that the major banks have been receiving of late by our politicians and the Reserve Bank, BNZ's chief economist Tony Alexander explains why their argument over funding of home loans is wrong.
Also from last week, we saw TSB dropping its two-year home loan rate and we asked the question "are other banks likely to follow?"
