Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Fixed Mortgage Rates Rise, Floating Rates Held

Cairns Lockie Limited Mortgage Bankers

Press Release
4 February 2000

Fixed Mortgage Rates Rise, Floating Rates Held

Mortgage bankers Cairns Lockie Limited announced an increase in fixed mortgage rates effective 3 February 2000. The move follows recent moves in fixed rates by the trading banks and a firming of longer dated financial instruments.

Current fixed rates are Two year 8.45% Three year 8.75% Five year 9.15%

Mr Lockie noted that the company's floating rate remained at 6.80%. "We have not yet seen the need to follow recent rises by the trading banks to floating rates at the 7.60% level" he said.

Cairns Lockie Limited is a mortgage banking company specialising in residential and residential investment lending. It has a strong internet presence through its site


© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>