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Bank drops fixed mortgage rates again
BNZ makes changes to its rates for loans covering one year through to five years
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BNZ has lowered several of its fixed home loan rates, following a recent Reserve Bank cut to the Official Cash Rate. The changes apply to mortgage terms ranging from one to five years, while the standard 6-month fixed rate remains the same.
New special rates include:
- 4.75% for 1-year, 18-month, and 2-year terms
- 4.95% for the 3-year term
This provides potential savings for homeowners and buyers considering fixing their mortgage interest rates.
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