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Bank drops fixed mortgage rates again
BNZ makes changes to its rates for loans covering one year through to five years
AI summary
BNZ has lowered several of its fixed home loan rates, following a recent Reserve Bank cut to the Official Cash Rate. The changes apply to terms from one to five years, offering potential savings for borrowers.
New key rates include:
- 1-year, 18-month, and 2-year fixed rates are now 4.75%
- 3-year fixed rate is now 4.95%
The bank's standard 6-month fixed rate remains unchanged, making these longer-term fixes more competitive for homeowners.
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