4 May 2001
The swing towards a positive yield curve continued today with non-bank lender Cairns Lockie Limited reducing its short
term fixed mortgage rates, and increasing the longer dated fixed rates.
The company's flagship Quick Start Home Loan falls to a new low of 6.69%, amongst the lowest in the market.
The new fixed rates are:
Quick Start One Year 6.69%
Two Year Fixed 7.20%
Three Year Fixed 7.55%
Five Year Fixed 7.80%
The floating rate remains 7.75%.
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
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