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.
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%
HSBC has broken mortgage records by offering customers a 2 year fixed rate home loan at an interest rate of 0.99 per cent.
Sorry folks this rate is for customers in the UK…. 🙂
HSBC is offering 3.95% fixed for 18 Months for a limited time. A headline grabber.
Leading the market, and taking the opportunity to increase their margin, ASB has raised their 3,4, and 5 year fixed rates. For the under 80%’ers the 3 year is raised 0.26% to 4.75% and the 5 year up 0.16% to 5.25%.
Courtesy of SBS a 1 year fixed interest rate is available at 3.99%.
What a change from May 2008 when the 1 year was around 9.75%.