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%

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%.