Thursday 11th September 2008
|Text too small?|
It has reduced all home loan rates including 0.50% off its variable rate and 0.36% off its two-year fixed rate. Kiwibank chief executive Sam Knowles said cuts will be a welcome relief to new home buyers and those looking to re-fix their mortgages.
“We appear to have passed the peak of very high interest rates and we now have the opportunity to pass on some genuine savings to home owners.
Kiwibank is taking what it calls “a very aggressive position” in the popular two-year fixed area with an 8.49% special and an 8.39% three-year rate. However, these rates apply for those with 20% or more equity in their property.
The variable rate is now at 9.70%.
No comments yet
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer
Tourism Holdings Limited (NZX: THL) Sells Mighway and SHAREaCAMPER to Camplify
26th October 2021 Morning Report
Harmoney Corp Limited (NZX: HMY) Prices $105m Inaugural ABS Transaction
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report