We have more interest rate cuts today with ASB and Kiwibank lowering fixed term rates. ASB has cut its six month, one and two year rates between 5 and 10 basis points. Meanwhile, Kiwibank cut all its fixed rates with the biggest fall being 14 points on its four year rate.
A two-year rate of 6.79% appears to be the mark for banks at the moment. See our table sorted lowest to highest two-year rate here.
Over at the Link Group long-term Mortgage Link its national sales manager has moved to Advice Link as head of distribution. It's interesting to see what NZHL is planning for Advice Link. Find out here
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