ASB, Bank Direct and Sovereign have all made significant changes to fixed home loan rates with some of longer term ones going below 6% - as specials.
The key changes to standard rates includes: One year down 10 points, 18 months and two year down 21 points each, three-years down 26 points and four and five year rates down 41 and 50 basis points respectively.
One, three and four year special rates (minimum equity of 20% etc) are all priced at 5.99% while the one-year special remains unchanged at 5.70%.
