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TSB cuts 1 year mortgage rate

Posted in News May 19, 2009 - 08:19am, Alex Tarrant

TSB has cut its one year fixed mortgage rate by 10 basis points to 5.60%. The move brings its rate to just above Kiwibank's 5.59%. The lowest one year mortgage rates currently offered by banks are BNZ's 'classic' rate and Westpac's standard rate, both 5.49%.

As of yet, no bank has cut its variable mortgage rate following the 50 basis point cut in the Official Cash Rate on April 30.

See all the latest rates on our mortgage rates page.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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1 Comments

by Delmy Dolhun | 30 Jan 10, 2:24pm

Thank's 4 A Good Post!

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