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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
Following the Reserve Bank's recent Official Cash Rate cut, BNZ has lowered several of its fixed home loan rates. The changes apply to terms ranging from one to five years, while the standard 6-month rate is unaffected.
New special rates include:
- 1-year, 18-month, and 2-year terms at 4.75%
- 3-year term at 4.95%
These adjustments may offer savings for current and prospective homeowners considering fixing their mortgage interest rates in the near future.
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