http://www.interest.co.nz/news/8 ... -terms-12-18-and-24
ASB has cut its key one year mortgage rate.It's new 'special' is now 4.45%, a reduction of -14 bps. A similar reduction applies to its standard rate and that is now down to 4.85% for a fixed one year term. The changes are effective today (Friday). Identical changes have been made at both Sovereign and BankDirect. This now positions ASB with the lowest rate for terms on one year, eighteen months, two years and four years compared with its all main big-bank rivals.
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