Mortgage wars: BNZ wins skirmish, drops 18-month rate to 4.95%
Big banks start rolling back one-to-two-year mortgage rates, while longer-term rates remain higher.
ANZ Bank came out of the blocks on Tuesday with cuts to its short-term rates, carving 40 basis points off its six-month 'special' rate to 5.49%, and putting all of its one-to-two-year annual fixed rates at 4.99%.
Kiwibank essentially mirrored that move by taking 20bp off its one-year fixed rate.
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