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Westpac, National cut mortgage rates too The flurry of mortgage rate reductions that began on Friday with ASB and BNZ has carried on today with Westpac and National Bank both reducing their key mortgage rates. The banks are passing on reductions in wholesale interest rates ...

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Comparison of Treasury Rates and Mortgage Rates The Fed does not set mortgage rates, but it does set a nominal target for the federal funds rate, the rate at which depository institutions lend their reserve balances to one another, usually overnight (a very short maturity). ...


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