The Co-operative goes sub 3%; Mortgage lending drops to record low
Wednesday, May 27th 2020, 9:02AM
The Co-operative Bank has sharpened home loan rates across the board, from six month to five year loans. Its one year rate comes in at 2.79%, joint second-cheapest in the market. Compare the latest rates here.
Commentators hope record-low rates will boost the housing market, as mortgage lending dropped to a record low during last month's lockdown: [READ ON]
| « Resimac eases criteria for investors | Reserve Bank believes rates will fall; BNZ cuts; Simplicity 2.5% rate » |
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