Non-major bank cuts fixed rates

Non-major bank cuts fixed rates

Heritage Bank cuts fixed rates

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES
Heritage Bank
cuts up to 0.50% on new fixed rate home loans for both owner-occupiers and investors, effective 24 August 2016. 

Owner-occupier fixed rates fall by: 
-        0.15% to 3.84% p.a. for 2 year fixed 
-        0.20% to 3.99% p.a. for 3 year fixed
Investor fixed rates fall by:
-        0.50% to 3.99% p.a. for 2 year fixed
-        0.40% to 4.09% p.a for 3 year fixed 

PRODUCTS
No changes today

POLICY
No changes today

COMMISSIONS
No changes today