The rate hair cuts spread and get larger - Interest.co.nz

More banks lower home loan interest rates, some sharply, and one also raised its term deposit offers. Market share defence in a quiet housing market is squeezing banks hard

The combination of the flattening swaps curve with fast-falling longer rates, plus a move by more borrowers to be prepared to lock in longer rates, has brought more changes to carded fixed mortgage r… [+2703 chars]

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