Professional Investment Services » Mortgage Rates http://nzpis.com Wed, 02 Jun 2010 06:10:27 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Mortgage Cuts http://nzpis.com/mortgage-cuts/ http://nzpis.com/mortgage-cuts/#comments Tue, 20 Oct 2009 02:31:12 +0000 admin http://friendfeed.co.nz/?p=581 Mortgage Rates
Tuesday, 25 November 2008
BNZ has taken the lead in reducing home loan rates. Its big play is in the six month area where 1.24% has been chopped off the advertised rate taking it Standard product to 7.35% and replacing its one-year Classic rate with a six-month rate of 6.99%. Most fixed rates have been cut for its Standard and Global Home Loan products. These cuts range from 84 basis points for three year rates, through to 124 points for seven year rates.

ANZ National Bank have also made major reductions with a 90 basis point cut from it’s one-year rates and 85 points from it’s six-month rates. It’s floating rate has been reduced by 75 points and it’s longer fixed term rates have been reduced by up to 60 basis points. Cairns Lockie and General Finance have also made similar cuts.

AMP Home Loans have reduced both it’s standard and priority fixed term rates. The biggest cut was to it’s six-month term also by 74 basis points followed by one-year rate by 69 points, two-year by 60 points, three-year by 65 points and it’s four and five-year rates by 55 and 50 points respectively.

]]> http://nzpis.com/mortgage-cuts/feed/ 0 More Cuts in Interest Rates http://nzpis.com/more-cuts-in-interest-rates/ http://nzpis.com/more-cuts-in-interest-rates/#comments Tue, 20 Oct 2009 02:29:58 +0000 admin http://friendfeed.co.nz/?p=579 Mortgage Rates
Wednesday, 26 November 2008
Following on from the major banks home loan interest rate cuts, we are now starting to see big cuts from all lenders.

NZF have cut it’s one-year rate by 90 basis points and it’s six-month rate by 85 basis points. The size of the cuts reduce the longer the term starting with 75 points off two-year rates down to 40 points off it’s five-year rates.

Much of the same has been done by Public Trust with their biggest cuts made to six-month and one-year rates.

PSIS, CBS Canterbury, Sovereign, NZ Home Loans and TSB have all reduced floating rates by 75 basis points and HBS cut theirs by 66 points. CBS Canterbury also made 85 and 80 point cuts from it’s six-month and one-year rates respectively.


]]> http://nzpis.com/more-cuts-in-interest-rates/feed/ 0 Mortgage Rates 26Nov2008 http://nzpis.com/mortgage-rates-26nov2008/ http://nzpis.com/mortgage-rates-26nov2008/#comments Wed, 26 Nov 2008 07:58:54 +0000 admin http://friendfeed.co.nz/?p=437 Mortgage Rates
Wednesday, 26 November 2008
Following on from the major banks home loan interest rate cuts, we are now starting to see big cuts from all lenders.

NZF have cut it’s one-year rate by 90 basis points and it’s six-month rate by 85 basis points. The size of the cuts reduce the longer the term starting with 75 points off two-year rates down to 40 points off it’s five-year rates.

Much of the same has been done by Public Trust with their biggest cuts made to six-month and one-year rates.

PSIS, CBS Canterbury, Sovereign, NZ Home Loans and TSB have all reduced floating rates by 75 basis points and HBS cut theirs by 66 points. CBS Canterbury also made 85 and 80 point cuts from it’s six-month and one-year rates respectively.

]]> http://nzpis.com/mortgage-rates-26nov2008/feed/ 0 Mortgage Rates http://nzpis.com/mortgage-rates/ http://nzpis.com/mortgage-rates/#comments Tue, 25 Nov 2008 07:57:13 +0000 admin http://friendfeed.co.nz/?p=434 Mortgage Rates
Tuesday, 25 November 2008
BNZ has taken the lead in reducing home loan rates. Its big play is in the six month area where 1.24% has been chopped off the advertised rate taking it Standard product to 7.35% and replacing its one-year Classic rate with a six-month rate of 6.99%. Most fixed rates have been cut for its Standard and Global Home Loan products. These cuts range from 84 basis points for three year rates, through to 124 points for seven year rates.

ANZ National Bank have also made major reductions with a 90 basis point cut from it’s one-year rates and 85 points from it’s six-month rates. It’s floating rate has been reduced by 75 points and it’s longer fixed term rates have been reduced by up to 60 basis points. Cairns Lockie and General Finance have also made similar cuts.

AMP Home Loans have reduced both it’s standard and priority fixed term rates. The biggest cut was to it’s six-month term also by 74 basis points followed by one-year rate by 69 points, two-year by 60 points, three-year by 65 points and it’s four and five-year rates by 55 and 50 points respectively.

]]> http://nzpis.com/mortgage-rates/feed/ 0