ASB Bank cuts home loan rates up to 20 basis points after central bank's OCR drop to 4.25%.

ASB Bank has lowered its fixed home loan rates by up to 20 basis points following the Reserve Bank's 50 basis point cut in the Official Cash Rate (OCR) to 4.25%. The bank also reduced term deposit rates by 10-20 basis points. While falling rates benefit borrowers, global factors like the US election have kept rates from dropping further. ASB's new fixed rates range from 6.19% for a 6-month term to 5.59% for a 3-year term.

December 01, 2024
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