Cairns Lockie Fixed Rates Fall Again
After leading the market down with a reduction in fixed mortgages two weeks ago, non-bank lender Cairns Lockie Limited today announced a further fixed rate reduction.
The new fixed rates become
One-year 7.99% (down from 8.05%)
Two-year 7.99% (down from 8.05%)
Three-year 7.99% (down from 8.05%)
Rates have been reduced following a reduction in longer dated wholesale rates.
The company's variable rate remains 8.25% with the line of credit remaining at 8.60%.
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