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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 announced a drop in several of its fixed home loan rates, following the Reserve Bank's recent cut to the Official Cash Rate.
The changes apply to mortgage terms from one to five years, while the six-month rate remains the same. New special rates include:
- 1-year, 18-month, and 2-year terms at 4.75%
- 3-year term at 4.95%
These updated rates may offer savings for homeowners and prospective buyers considering fixing their home loans.
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