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SBS Bank reduces three and five year fixed mortgage rates

SBS Bank reduces three and five year fixed mortgage rates

SBS Bank has reduced its three and five year fixed mortgage rates, following reductions by most other banks in the last two weeks.

Its three year rate has fallen 0.25% from 7.50% to 7.25%.

Its five year rate has fallen 0.40% from 8.15% to 7.75%.

These reductions follow falls in the equivalent wholesale swap rates that have been occuring over the past four months.

For a comprehensive listing of all mortgage rates available in New Zealand, see our mortgage rate pages.

You can figure the impact on your own mortgage by using our Calculator, here >>

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