Wairarapa Building Society is following what seems to be the trend at the moment and has increased its longer term fixed rates. Its three-year rate has gone up by 10 basis points, its four-year is up by 25 bps and its five-year is now up 35 bps to 7.85%.
PSIS has also increased its longer term rates with its two-year rate increasing by 15 bps, its three-year rate up by 25 bps and its four-year rate up by 30 basis points.
With many other lenders doing the same, our latest story looks at working out whether it is worth breaking your mortgage. Click here for more.
