Home / Business / Companies / Banking and financeBNZ trims mortgage rates againRNZ26 Aug, 2024 09:52 PMQuick ReadSubscribe to listenAccess to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe nowAlready a subscriber? Sign in hereListening to articles is free for open-access content—explore other articles or learn more about text-to-speech.SaveShareShare this articleCopy LinkEmailFacebookTwitter/XLinkedInRedditIn today's headlines with Wilhelmina Shrimpton, SH1 reopens after fatal crash, Uber ruling benefits all drivers and PM heads to Tonga.By RNZThe BNZ is making further cuts to its home loan rates.The bank has cut its fixed rates by between four and 20 basis points, with longer-term rates seeing the biggest fall. It comes as wholesale interest rates move lower following the Reserve Bank’s official cash rate cut on August 14. Some banks lowered their lending rates immediately after the OCR announcement and others followed suit.AdvertisementAdvertise with NZME.AdvertisementAdvertise with NZME.The BNZ’s popular 18-month rate was now 5.99%, and the two-year rate was at 5.89%It followed a cut to its home loan rates on August 20, and a move to stop charging first-home buyers and other low-equity borrowers a higher interest rate.SaveShareShare this articleCopy LinkEmailFacebookTwitter/XLinkedInRedditLatest from Banking and financePremiumBanking and finance'Misguided stunt': ANZ declines $300m legal settlement offer PremiumAnalysisKate MacNamaraReserve Bank's employee benefits: Gold standard or pretty standard?Interest ratesLower interest rates, more money printing - RBNZ considers response to ageing populationSponsoredSolar bat monitors uncover secrets of Auckland’s night skyAdvertisementAdvertise with NZME.
Interest ratesLower interest rates, more money printing - RBNZ considers response to ageing population
