Fixed Mortgage Rates Fall
Cairns Lockie Limited Mortgage Bankers
Mortgage bankers Cairns Lockie Limited announced a fall in its two year fixed mortgage rate, to 8.55% pa, effective immediately (26 April 2000).
Mr Lockie said that the fall had followed a reduction in wholesale rates.
Mr Lockie noted that the gap between the variable rate and the two year fixed rate had now narrowed to less than one percent. "This is the smallest gap for some time" 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 www.emortgage.co.nz