Kiwibank cuts one-year mortgage rate
Kiwibank is cutting the interest on one of its fixed rate mortgages, possibly just for a fortnight, as a means of "testing the market".
Hot Topic
EARNINGS
Kiwibank is cutting the interest on one of its fixed rate mortgages, possibly just for a fortnight, as a means of "testing the market".
The bank today said it was dropping its one-year home loan rate from 6.45 percent to 6.15 percent, matching the bank's floating rate.
"It has been some time since there have been any significant changes to interest rates, so Kiwibank is testing the market with a cut-rate one-year offer. We anticipate holding the rate until the end of the month," Kiwibank communications manager Bruce Thompson said today.
NZPA
Mon, 17 Jan 2011
Mon, 17 Jan 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Kiwibank cuts one-year mortgage rate
11595