Happy New Year Folks.

As the saying goes its as cheap as chips… 🙂

Banks are @ 2.69% for 2 years.

Fixed interest rates continue to fall in these money printing times.

ANZ out today with 1 year fixed @ 2.79% and 2 years @ 2.95%.

HSBC has today slashed all its fixed home loan interest rates to 3.35%.

1 year fixed through to 5 years fixed are all 3.35%.

Historic lows.

Utilising its global muscle HSBC is offering 3.69% fixed for 2 years for new borrowers seeking to borrow $500k +.

The 3.95% one year fixed rates available through the 4 large Banks lasted 3 weeks.

In the space of 4 days this week all Four Banks have unsurprisingly reached the same conclusion  that they could no longer offer that rate.

Competition…?

This week see’s ANZ and Westpac out with 1 year fixed interest rates of 3.95%.

Nothing like having a go at poaching anothers customers due to slower lending growth as a result of the Banks more restrictive lending policies.

ANZ has trimmed Fixed Home Loan Rates today.

For the under 80%’ers

1 year fixed to 4.19%

2 years fixed to 4.35%

3 years fixed to 4.49%

For those under the majical 80% mark.

1 year up .09 to 4.39%

18 months up .10% to 4.49%

ASB has today tweaked up their Fixed Interest Rate specials.

1 year up 0.04% to 4.29%

2 years up 0.05% to 4.34%

3 years up 0.05% to 4.39%