Kiwibank first to cut rates

It has reduced all home loan rates including 0.50% off its variable rate and 0.36% off its two-year fixed rate. Kiwibank chief executive Sam Knowles said cuts will be a welcome relief to new home buyers and those looking to re-fix their mortgages.

“We appear to have passed the peak of very high interest rates and we now have the opportunity to pass on some genuine savings to home owners.

Kiwibank is taking what it calls “a very aggressive position” in the popular two-year fixed area with an 8.49% special and an 8.39% three-year rate. However, these rates apply for those with 20% or more equity in their property.

The variable rate is now at 9.70%.

To keep up with rates and changes visit the Good Returns Mortgage Centre here.

     

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report
Rua Bioscience announces launch of new products in the UK
TEM - Appointment to the Board of Directors
December 19th Morning Report