21 Jan 2013

Second bank trims mortgage rates

1:23 pm on 21 January 2013

ASB has become the second retail bank in the last few days to cut mortgage rates.

The bank has cut its three, four and five-year fixed rates by between 0.15% and 0.25%.

It raised its two-year rate by 0.2%.

Last week Westpac cut its six month and one-year rates.