ASB has, as we expected, reveresed its home loan rate increases made last week. It says it is "responding swiftly" to wholesale funding movments.
The cuts range from 25 to 35 basis points across all fixed rates except the six month term. The biggest decreases (35 points) are to two and five year rates. The smallest (25 points) are to one and three year rates.
See how ASB's new rates compare to other lenders here.
The changes take effect on Tuesday morning.
We've teamed up with award winning mortgage experts, Squirrel.
With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.
New Zealand
The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.
New Zealand
Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.