One bank lowers interest rates; House price outlook and comments from new PM

Housing policy curve balls and election inertia - what ANZ is seeing and comments from our incoming Prime Minister [READ ON]

ASB is the first big bank to make significant changes to home loan rates this year. It has increased short to medium term loans and made cuts, yes lowered, longer term rates.

Three four and five year rates are down between 15 and 50 basis points. Meanwhile, shorter term rates are up between 5 points (for two-years fixed) to 34 points for six months.

Compared to other banks ASB has some of the lowest long term rates, and sits mid-table with short term rates