Discover
Another bank drops home loan rates ahead of OCR review
Banks make moves ahead of the upcoming Official Cash Rate review
AI summary
Several major banks have cut fixed home loan rates ahead of the Reserve Bank's upcoming Official Cash Rate (OCR) review, creating a more competitive market for Kiwi homeowners and buyers.
Kiwibank, BNZ, and ANZ have all lowered their key one-year fixed special rates to 4.79%. Other short-term fixed rates have also seen reductions across these banks.
These rate drops come as economists widely expect an OCR cut on August 20th due to current economic pressures.
Author
Discover More
Special Delivery: five former post offices you can buy right now
Five former post offices for sale on Trade Me Property given an incredible second stamp on life.
From Marlborough vines to Golden Bay alpacas: five stunning homes that mean business
From vineyards to alpaca tour farms, discover five stunning New Zealand properties that include built-in businesses.
Search
Other articles you might like
