27 Oct
2008
2008
Mortgage Rates on the Way Down
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
Last week the Reserve Bank dropped the official cash rate (OCR) by 1.00% to 6.50% – and immediately banks decreased their mortgage rates. The best rates out there today amongst the major banks are 7.95% for six months and 7.90% for one year (forget anything past one year). What excites us is to finally see
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