https://www.scoop.co.nz/stories/BU2510/S00351/asb-cuts-mortgage-rates-further.htm
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ASB Cuts Mortgage Rates Further |
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ASB has today reduced six of its fixed home lending rates, including a market-leading 18-month term.
ASB’s Executive General Manager Personal Banking Adam Boyd says “These rate reductions will be welcome news to the thousands of households looking to refix their mortgages or begin their home ownership journey.”
ASB also reduced its term deposit rates.
All rate decreases are effective Tuesday 21st October.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 4.95% | 4.85% | -10 bps |
| 1-year | 4.49% | 4.49% | N/C |
| 18-month | 4.49% | 4.45% | -4 bps |
| 2-year | 4.65% | 4.49% | -16 bps |
| 3-year | 4.94% | 4.79% | -15 bps |
| 4-year | 5.19% | 5.09% | -10 bps |
| 5-year | 5.39% | 5.15% | -24 bps |
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