Rates are slowly starting to come down since the OCR cut, but as mentioned last week, some banks have only passed on 10 points (of the 25 point cut) in there floating rates, with Westpac & HSBC still on 5.75%.  HSBC has the distinction of advertising the lowest rate...

Well didn’t the Reserve Bank spring a surprise on the local lenders on Thursday!  The Reserve Bank lowered the Official Cash Rate by 25 points on Thursday. This took the market by surprise, as many were predicting a cut, but not until June.  The reasons given were soun...

We are now getting some traction from the banks in terms of discounting with most banks now offering under 4.2% for 12, 18 & 24 months fixed rates.  The only bank holding out on discounts for loans under $300k at the moment is ASB, but even they are offering good disco...