INDEPENDENT NEWS

Fixed rates Fall - Has the Market Peaked?

Published: Thu 15 Jun 2000 10:00 AM
Cairns Lockie Limited Mortgage Bankers
Press Release 15 June 2000
Fixed rates Fall - Has the Market Peaked?
Mortgage bankers Cairns Lockie Limited announced a 10 basis point reduction in all fixed rate mortgage products, effective 16 June 2000. The move follows a move down yesterday by the Westpac on the back of an easing in longer dated wholesale rates.
Mr Lockie said that Cairns Lockie had a policy of being the last to put rates up in a rising market and the first to reduce them in a falling market. Our recent rise in floating rates lagged the trading banks by up to three weeks he said. This fall in fixed rates was amongst the first in the market.
Fixed rates are now (from 16 June 2000)
Two year fixed 8.65
Three year fixed 8.75
Five year fixed 8.89
Cairns Lockie Limited is a mortgage banking company specialising in residential and residential investment lending. It has a strong internet presence through its site www.emortgage.co.nz
-ENDS-
For further information contact: James Lockie Director Cairns Lockie Limited Phone 09 525 9711 Fax 09 579 7795 Email jlockie@emortgage.co.nz Web www.emortgage.co.nz

Next in Business, Science, and Tech

Next steps for Auckland light rail
By: New Zealand Government
Gender pay gap unchanged since 2017
By: Statistics New Zealand
Stuff pulls pin on media companies' joint ad-buying business
By: BusinessDesk
Transdev to Acquire Auckland And Wellington Bus Businesses
By: Transdev
Twyford's choice: NZTA or Super Fund for Auckland light rail
By: BusinessDesk
A whole term of Government with no shovels in the ground
By: New Zealand National Party
Transport Agency welcomes next steps for light rail
By: NZTA
Light rail delay creates highway opportunities
By: Automobile Association
Government taking action to close gender pay gap
By: New Zealand Government
Genter delaying pay equity for publicity stunt
By: New Zealand National Party
Gender Pay Imbalance - call for PM to take action
By: New Zealand Council of Trade Unions
Persistent gender pay gap - need for Govt to move faster
By: NZEI Te Riu Roa
Opportunity to fix the gender pay gap in tertiary sector
By: Tertiary Education Union
Government must take the handbrakes off, deliver equal pay
By: Public Service Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media