Mortgage rates are continuing to tumble, with BNZ cutting its one-year fixed rate to 4.35 per cent.
The new rate is the lowest seen in New Zealand since the 1960s, according to specialist finance website interest.co.nz.
BNZ said borrowers must have a minimum of 20 per cent equity, their everyday banking and at least one other BNZ product if they want to take up the offer.
The offer starts today and will run until September 20.
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