Guess How Many Properties Sold at a Loss in Q4 2021! - Interest Rate Update February 2022

Everything Mortgage

English - March 01, 2022 11:00 - 4 minutes - 3.37 MB
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Mortgage Lab CEO Rupert Gough does a round up of all the important mortgage news for the month of February 2021.

The month started with a jump in interest rates. ANZ moved first pushing the 1 year rate up to 3.85% at ANZ followed by BNZ 2 days later. Other banks soon followed course ranging from 3.79% to 3.85% for 1 year. At the other end of the fixed term rates, the 5 year term is sitting around 4.95% to 5.25%. That’s a premium of 1.1% - 1.5% to lock in a 5 year rate...

You can watch a video on the same subject here: https://youtu.be/7m_Tt1r6mvc

If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.

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