We suggested that home loans rates may fall following the OCR announcement. That's what has happened. ANZ, New Zealand's largest home loan lender, has dropped its one-year fixed home loan rate what it says is a market-leading rate (ie: check the asterix). But check out how it stacks up here where we have sorted the full rates table from lowest to highest.
ANZ Retail Managing Director Kerri Thompson said that in addition to this special rate, customers who take out a home loan of more than $100,000 will receive $1000 cash to spend on whatever they want. And there's more. All home loan customers, new or existing, will also go into our monthly draw in which 10 customers win back their mortgage repayments for a year, and 20 customers will win $2000 cash.
It has also reduciedits three, four and five year fixed rates.
(* be the lowest one-year rate of the major banks).
