KEY POINTS:
ANZ and National Banks are dropping their variable interest rates by 0.7 per cent.
It brings the ANZ's standard variable rate and the National Bank's Thoroughbred floating rate to 7.50 per cent.
-NEWSTALK ZB
ANZ and National Banks are dropping their variable interest rates by 0.7 per cent.
It brings the ANZ's standard variable rate and the National Bank's Thoroughbred floating rate to 7.50 per cent.
-NEWSTALK ZB
Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.