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ANZ-National cuts mortgage rates in line with other banks

Posted in News

ANZ and National Bank have cut their six month, three and four year rates. The new three year rates of 5.99% were brought in line with leading bank competitors after a cut of 36 basis points. For a full list of rates, see here.

The banks' six month rates were cut by 20 basis points to 5.79%, in line with Westpac. BNZ still leads that market with a special offer of 4.99%.

Four year rates were cut by 10 basis points to 6.40%, equal to Westpac's rate but still above 6.30% offered by ASB and 6.39% offered by BNZ.

The new rates will come into effect on March 3.

To see mortgage rates offered by financial institutions in New Zealand, click here.

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