Big start to the week; New owners at MX

Lots of news to kick off the week.

First up, an Australian dealer group has taken a 50% stake in Mortgage Express. Here's the first of our stories on who bought in.

On the home loan rates front there have been some big cuts from SBS. The cuts are to all rates from two years out to five years. What's interesting is that the cuts are to its Special. The only carded rate to fall is its two-year rate.

All these changes, bar three-years, are market leading rates. 

Here's the table sorted on two-years lowest to highest.

Added to that Kiwibank has taken 20 basis points off its two-year fixed rate.