Fixed rates inch up
Fixed interest rates are inching up, a week or so after floating rates did the same thing.
Tuesday, October 18th 2022, 8:45AM
by Eric Frykberg
After a raft of increases to floating rate home loans another bank has raised fixed rates.
BNZ joins Westpac, TSB and The Co-operative bank which have all increased fixed rates over the past week.
Its flagship Classic Home Loan two year rate has risen 10 basis points to 5.69%. It had been 5.59% while its Standard and Fly Buy products are up to 6.29%.
It is interesting to see our rates table sorted on highest to lowest two-year fixed rate and see the difference between standard rates and Special rates.
BNZ's six-month rate is up 14 basis points and its 18-month rate increased four basis points.
| « More inflation tipped | Higher interest rate hikes on the way » |
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