976498456
Mortgage Rates Commentary

ASB reverses last week's increases

Monday 8th of August 2011

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.

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.