ANZ cuts two-year home loan special rate

Tue, 05 Jul 2022

ANZ Bank New Zealand said it is cutting its two-year fixed home loan special rate from 5.8% to 5.45% “following recent wholesale rate movements”.The bank is also cutting its standard two-year rate from 6.4% to 6.05% with both new rates effective from today.The two-year swap rate has fallen from 4.56% on June 15 to 3.8% late on Monday.“While wholesale rates remain volatile and the official cash rate is expected to continue to rise, where there is an opportunity, we will pass savings onto customers,” ANZ said.“Intere...

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