Scoop has an Ethical Paywall
Cairns Lockie Lowers Mortgage Rates Below 7%
12 Jan 2001
Following moves in short dated wholesale rates, non-bank lender Cairns Lockie Limited today announced a further reduction in fixed rates effective immediately.
The new fixed rates become
Quick
Start 6.99% (down from 7.25%)
One-year 7.35% (down from
7.45%)
Two-year 7.35% (down from
7.45%)
Three-year 7.55% (unchanged)
Five-year 7.65%
(unchanged)
"This is the first time rates have fallen below 7% in some time", Mr Lockie said, "The move follows recent reductions in the discount rates in Australia and the USA."
By pricing its Quick Start Home Loan (One year fixed) at 6.99%, Cairns Lockie joins only 3 other mainstream lenders currently pricing below 7%.
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
-ENDS-
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
