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ASB drops its fixed 1 year mortgage rate
May 23rd, 2009ASB, along with its subsidiaries Bank Direct and Sovereign, has lowered its one year fixed mortgage rate.
ASB has dropped it 20 basis points from 5.70% to 5.50%, Bank Direct has dropped slightly less from 5.65% to 5.50%, and Sovereign’s rate has been reduced from 5.70% to 5.60%.
These changes are effective immediately.
This brings ASB into line with similar offers for a fixed one-year rate from ANZ, BNZ, the National Bank, and Westpac. It will put pressure on Kiwibank in particular to respond.
This week, ASB released its March GDS result detail, which showed that they have recovered their mortgage market share and growth, after faltering in Q4 of 2008.
Full mortgage rate tables are available here >>>
Bank average mortgage rate charts are available here >>>
Tags: ANZ, ASB, BNZ, Kiwibank, Mortgage rates, Westpac
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May 24th, 2009 at 12:07 pm
Bernard,
If I compliment you, will you let me advertise my business and website here too? “Comments” like those above start to erode the integrity of this site and really piss me off. Suggest we all block the mortga-ge.info site on our computers.
May 24th, 2009 at 12:41 pm
Ruru , its gone. We endeavor to catch all the spammers but sometimes they slip though.
Bryan Spondre
May 24th, 2009 at 12:42 pm
Thanks. I forgive you, it is (was) Sunday morning.
May 24th, 2009 at 12:58 pm
Thanks Ruru but spammers never sleep
May 24th, 2009 at 1:40 pm
Looks like the Govt Super Fund thinks property is the way to recover the billions it has lost see:
http://www.stuff.co.nz/business/2436667/Super-Fund-eyes-1b-Queenstown-deal
Surely this warrants further investigation – should the fund really be under writing this $1 billion project? Will it do well out of it?
May 24th, 2009 at 1:52 pm
Maybe they could by the ex-Dave Henderson’s ‘hole’ down there whilst there at it! In for a penny, in for a pound. Hang on! That’s our money…..