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flag Westpac offers New Zealand's first sub-5% home loan rate as banks lower costs for homeowners.

flag Westpac has become the first major bank in New Zealand to offer a home loan rate below 5%, with a new three-year fixed rate of 4.99%. flag Other banks like Kiwibank and ASB have also reduced their rates. flag The Reserve Bank of New Zealand is expected to lower the Official Cash Rate further on February 19, potentially dropping it by 50 basis points. flag These reductions aim to help homeowners reach their financial goals more easily.

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