Major NZ Bank Cuts Home Loan Rates Ahead of OCR Decision

Major NZ bank cuts home loan rates ahead of OCR decision

BNZ has cut fixed and floating mortgage rates ahead of tomorrow’s Official Cash Rate (OCR) decision . BNZ now has the lowest fixed rate among the major banks...

Major bank cuts home loan rates ahead of OCR

The reductions appeared modest, but were prompt, coming a day ahead of the Reserve Bank’s decision.

Home buyers’ FOMO ramps up after rate cut

Prospective home buyers are rushing to get pre-approved following the second cash rate cut this year before prices rise even more.

A big bank moves early, cutting home loan rates

BNZ the next to jump the gun with a -25 bps floating rate cut ahead of the anticipated move in the OCR by the RBNZ

Cheaper lending rates give favour to first-time buyers

Home buyers are being enticed by lower interest rates, especially for opening months, Photo: Dung Minh Last week, Techcombank announced packages for young home buyers with an interest rate of 3.99 per cent, and a five-year principal repayment grace period. In recent months, numerous other banks continued to offer attractive packages for home buyers. For example, SeABank is offering a package with interest rates from only 5.8 per cent annually, a…