Mortgage wars should spark boost to lending

Mortgage wars should spark boost to lending
Brent Melville
Mortgage lending was slashed to about half of normal levels last month due to covid-19 restrictions but economists say the latest round of ‘rate wars’ should spark some renewed buyer and seller enthusiasm.  For those keen on picking up a sharp mortgage, record low wholesale rates have seen Kiwibank drop its one-year fixed rate to 2.65 percent, with both ASB Bank and AIA/Sovereign offering two-year fixed loan to value ratio options at 2.69 percent. HSBC’s premier two-year rate is as low as 2.60 percent. The lower-rate options could perk up...

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