Banks do the limbo

It's been a pretty eventful week with most of the banks getting into the summer spirit and doing the limbo with interest rates. We've seen record low fixed interest rates set by a number of banks during the week. The only two not to join the party are Kiwibank and BNZ; however we are hearing stories that Kiwibank are writing loans under 4%. The irony is Kiwibank started the sub-4% dance in mid-August. 

Its relatively-new CEO Steve Jurkovich did say earlier this year he was "not a massive fan of being rates driven". See here

To get a good look at how the one-year term is looking we have the table sorted lowest to highest here.

Westpac have put out its latest Home Truths report and says that house prices will rise over summer and begin to fall in 2020. [READ ON]