We start the year with the first home loan rate changes from ASB and its associated lenders. It has cut fixed rates of three years or more by 15 to 25 basis points, but increased its two year rates from 5.25% to 5.45%.
In other rates news Westpac ended its six mth and one year 4.95% special rates which were for loans with an LVR of less than 80%.
In broker news we can finally confirm that the two biggest groups have agreed to a merger. Our first report here
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