Kiwibank raises mortgage rates

Kiwibank has increased many of its fixed home mortgage rates.

The state-owned bank has increased its two-, four- and five-year mortgage rates by 30 basis points to 6.69 per cent, 8.25 per cent and 8.60 per cent respectively.

It has increased its three-year rate by 29 basis points to 7.69 per cent.

The bank has introduced a new 18-month rate of 6.05 per cent.

To read the full NZ Herald article click here

Posted: 9 Oct 2009

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