Making sense of ASB's strategy

ASB's home loan strategy of having matching rates from six months to two years is an interesting one as none of its rates are market leading. The closest is the 18-month rate. While some lenders are pitching their market leading rates on specific maturities (eg: SBS six months; TSB two years; Kiwibank six months to one year) ASB is making no differentiation.

We've put together this graph and some comments on a selection of lenders and their home loan pricing. As ou will see there is a wide range of options.

Other changes yesterday came from Credit Union Baywide and Public Trust.