The New Building Society (NBS) today announced yet another reduction on mortgage rates with effect from July 1, 2013. According to a release from the Society, this move is a reflection of its continuous quest to ensure affordable mortgages for citizens. Over the past few years, the NBS has asserted itself as a major player in the residential mortgage market and more recently, increased advances have been made to mortgagers. In 2011, advances made to mortgagers amounted to $4.2B and $6.75B in 2012. This year, the Society is projected to surpass these figures. The new mortgages rates are as follows: Mortgage Range New Rates of Interest $4M and less 4.25% $4M to $10M 6.15% $10M and above 6.25%
Posted on: Mon, 03 Jun 2013 23:57:57 +0000
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