ASB has trimmed 20 basis points off its advertised two-year home loan interest rates matching offers from ANZ and Kiwibank.
ASB's carded, or advertised, two-year rate for borrowers with equity or a deposit of at least 20% is now 5.55%, and its standard offer is now 6.09%. Both rates are in line with ANZ and Kiwibank's carded rates.
The lowest carded two-year rate currently on offer from a bank is SBS Bank's 5.49%. To qualify for this borrowers require equity, or a deposit, of at least 20%.
See all banks' carded, or advertised, home loan rates here.
The current non-rate incentive offers are here.
This is how mortgage rates from the banks compare as at 9:00 am Thursday, January 22, 2015:
| below 80% LVR | 1 yr | 18 mths | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
 |
5.59% | 5.70% | 5.55% | 5.99% | 6.49% | 6.59% |
 |
5.59% | 5.70% | 5.55% | 5.59% | 5.99% | 6.49% |
 |
5.69% | 6.09% | 5.75% | 5.59% | 6.49% | 6.59% |
 |
5.69% | 5.55% | 5.89% | 6.39% | 6.49% | |
 |
6.09% | 5.75% | 6.39% | 5.99% | 6.79% | 6.49% |
| Co-op Bank | 5.59% | 5.59% | 5.59% | 5.74% | 5.99% | 6.25% |
 |
5.45% | 5.65% | 5.99% | 6.49% | 6.79% | |
| SBS Bank | 5.59% | 5.74% | 5.49% | 5.69% | 6.19% | |
 |
5.70% | 5.90% | 5.39% | 5.95% | 6.40% | 6.50% |
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Mortgage choices involve making a significant financial decision so it often pays to get professional advice. An AMP mortgage broker can be contacted by following this link »
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