Tonight a 5.75% 5 year fixed interest rate has appeared from ASB.
ANZ has lowered 1 and 2 year fixed interest rates to 5.39% for the under 80%’ers. The 3 year rate gets trimmed by 0.20% to 5.79%. They have also introduced a 5 year fixed rate of 5.89%.
2 years fixed @ 5.30% with $2,000 cash for an existing Bank customer looking to re-fix a modest loan coming off its fixed rate was obtained today.
This is substancially under the advertised 2 year “special rate” of 5.55%.
Competition by the Banks for home lending is fierce. Be aware.