ASB announces further home loan interest rate cuts

ASB is cutting its 4 and 5 year fixed home loan rates by 40 basis points. The new rates are effective tomorrow, Friday 18 May.

These cuts follow reductions to the 1, 2 and 3 year fixed home loan rates, announced earlier this week.

ASB fixed rate home loan interest rate changes, effective 18 May 2012:

Term                        Interest rate                     Change
4 year                            6.10%                           - 0.40%
5 year                            6.50%                           - 0.40%