PSIS and Southern Cross have been the only lenders to shake up mortgage rates this week, mainly with short term rates.
Mortgage rates news for the week has been centred on what the Reserve Bank's movements will be with the OCR next week. NZF says in its interim financial report that it has increased its assets through its loan business and we looked at what will happen now that PLAN New Zealand has been sold to Loan Market. We also looked at how HSBC's profit jumped even though it has higher bad debt charges and a shrinking mortgage book.
This weeks graph compares the movements between floating and five-year interest rates this year-to-date.
