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- Russel pitches for Interest voters 79
- Dotcom bombs his 'Moment of Truth' 58
- Labour wants Sovereign Wealth Fund 58
- The temptation of inequality 13
- Monday's Top 10 12
- Rents not keeping pace with house prices 8
- 90 seconds at 9 am: China power dims 5
- Why offshore investors are ditching the Kiwi dollar 5
- Fonterra tipped to cut payout forecast 4
- Party Policies - Income Tax 3
BNZ has effectively raised mortgage rates for short-term fixed periods by withdrawing 'special' offers and reverting to standard rates
BNZ has withdrawn its 4.95% fixed mortgage rate 'specials'.
The bank's 4.95% rate, which matched similar offers from other major banks, applied to its 'Classic home loan' product.
The only 'Classic' rate remaining is now for two years fixed.
At the same time, BNZ has reduced its Standard and 'Fly Buys' six month rate to 5.25% from 5.75%, a reduction of 50 bps.
BNZ's one year 'Standard' fixed rate remains at 5.25%.
The lowest six month fixed rate remains the one offered by Kiwibank at 4.85% - its "pre Christmas Special". HSBC also offer a 4.85% six month rate as part of its 'Premier' package.
ANZ, SBS, and Westpac all continue to offer a six month and a one year fixed rate at 4.95%. Resimac also offers a 4.95% rate for a fixed one-year term.