One bank lowers interest rates; House price outlook and comments from new PM
Monday, January 23rd 2023, 1:35PM
Housing policy curve balls and election inertia - what ANZ is seeing and comments from our incoming Prime Minister [READ ON]
ASB is the first big bank to make significant changes to home loan rates this year. It has increased short to medium term loans and made cuts, yes lowered, longer term rates.
Three four and five year rates are down between 15 and 50 basis points. Meanwhile, shorter term rates are up between 5 points (for two-years fixed) to 34 points for six months.
Compared to other banks ASB has some of the lowest long term rates, and sits mid-table with short term rates
See its five year rate here (table ranked highest to lowest)
See its one year rate here (table ranked lowest to highest)
One of the doyens of the mortgage advice sector has decided to step back from day-to-day business and focus on his dealer group and mentoring young advisers. [READ ON]
| « Old-timer steps back from mortgage advice | Inflation stays high worries economists » |
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