Co-Op Bank latest to increase rates

Monday, November 14th 2016, 10:25AM 1 Comment

The Co-Operative Bank is the latest to increase its fixed rate home loans, bumping up three, four and five year rates between 10 and 20 basis points. Still, as expected, no one has cut floating rates.

Tags: Mortgage Rates

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On 14 November 2016 at 12:56 pm DT said:

Please choose from the following options (You may choose more than one)

We are raising our fixed home loan rates because:

A We choose to take no notice of the recent OCR cut
B We have to borrow money from overseas at marginally higher rates of interest
C We are worried about future increases in the already obscene salaries paid to our executives
D The banks in NZ do not compete with each other
E Our borrowers are basically stupid and believe everything we tell them

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AIA - Back My Build

4.94

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7.49

5.79

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6.19

ANZ Blueprint to Build

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1.00

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ASB Better Homes Top Up

1.00

Avanti Finance

7.90

Basecorp Finance

8.35

BNZ - Classic

5.99

5.69

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7.54

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7.54

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7.44

5.79

5.59

5.69

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7.54

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▼5.80

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China Construction Bank

7.09

6.75

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5.69

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5.79

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6.29

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7.70

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5.99

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7.39

5.79

5.59

5.69

Kainga Ora - First Home Buyer Special

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6.69

6.49

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7.25

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5.69

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8.59

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6.49

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5.69

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5.79

5.55

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5.49

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7.70

5.95

5.75

Westpac

7.39

6.39

6.09

6.19

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7.49

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7.39

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Westpac Special

5.79

5.49

5.59

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7.49

5.79

5.69

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Co-Op Bank latest to increase rates

Monday, November 14th 2016, 10:25AM 1 Comment

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