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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 cut to the Official Cash Rate.
The changes affect fixed terms from one to five years, with the 6-month rate remaining the same. New special rates include:
- 4.75% for 1-year, 18-month, and 2-year terms
- 4.95% for the 3-year term
These adjustments offer more competitive borrowing options for homeowners looking to fix their mortgage for medium to long-term periods.
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