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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
AI summary
BNZ has lowered several of its fixed home loan rates, following a recent Reserve Bank Official Cash Rate cut. The changes affect mortgage terms ranging from one to five years, while the standard 6-month rate remains the same.
New special rates include:
- 1-year, 18-month, and 2-year terms are now 4.75%
- The 3-year term has dropped to 4.95%
These adjustments may offer significant savings for homeowners considering fixing their mortgage in the near future.
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