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MANATEE ? So much for the lull in local foreclosures.
Westpac and SBS Bank have followed ASB, ANZ and National Bank in raising longer term fixed mortgage rates to over 6.5 per cent, despite the Reserve Bank's promise to keep the Official Cash Rate at 2.5 per cent until late next year....
TSB Bank is cutting its two-year fixed home loan rate to 5.99 per cent to stimulate demand for home loans. The Taranaki-based trust-owned bank, which returns its profits to the community, said it funds its mortgage lending entirely...

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