ASB has cut some of their mortgage rates, with two of them to market-leading levels - their new six month 'special' is now the lowest in the market for that term at 4.85%.

Their new eighteen months 'special' rate at 4.49% is also the market-lowest. They have also reduced their two year 'special' rate to 4.49%. This rate matches the offers for that term from Westpac, HSBC and TSB Bank.

Interest.co.nz