Westpac have dropped 1yr rates to 6.15% and 3yr rates to 7.70%.
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Originally posted by Viking View PostYep.plenty of export money returning to NZ and filling the banks. No money being lent to anyone so surplus of money. Rates to go lower.
ANZ bleeding customers Wespac and Kiwibank picking them up.
I have slightly different take. borrowings for farms and residential properties come form foreign savers. So with less lending NZs debt position improves slightly. As it is playing with debt there is no surplus money!!!!The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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ANZ have been throwing some pretty good pricing at my clients lately for residential deals. They are by far the cheapest for above 80% LVR lending, thousands of dollars cheaper than the other banks including Kiwi Bank.Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
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Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
My Website
Be informed - register for our free monthly newsletter
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