Variable Interest Rates Lowered

Cairns Lockie Limited Mortgage Bankers

Press Release -
12 Sept 2000

Variable Interest Rates Lowered

Mortgage bankers Cairns Lockie Limited announced a reduction in its variable mortgage rate, effective immediately, on new business, and from 1 October on existing business. The move follows recent falls in the 90 day bill rate.

Cairns Lockie continues to offer one of the lowest floating rates in the market.

Fixed rates will be reviewed at the end of the week.

Mr Lockie noted that the company had been experiencing an increase in both website traffic (at www.emortgage.co.nz) and in on-line applications. "More New Zealanders are willing to look for a better home loan online" 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

-ENDS-

For further information contact: James Lockie Director Cairns Lockie Limited Phone 09 525 9711 Fax 09 579 7795 Email jlockie@emortgage.co.nz Web www.emortgage.co.nz

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