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Home loan rates finally rise

Wednesday 4th August 2010

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Finally we have some home loan rates; nearly a week after the Reserve Bank increased the offical cash rate 25 points to 3.00%.

ASB and Sovereign are increasing their floating and six month rates 25 points each.

Their floating rates go to 6.25% and 6.35% respectively and six month rates to 6.35% and 6.50%. However they are dropping rates for two years or more between five and 15 points. Full details here.

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