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Westpac offers New Zealand's first sub-5% home loan rate as banks lower costs for homeowners.
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%.
Other banks like Kiwibank and ASB have also reduced their rates.
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.
These reductions aim to help homeowners reach their financial goals more easily.
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Westpac ofrece la primera tasa de préstamo hipotecario sub-5% de Nueva Zelanda a medida que los bancos reducen los costos para los propietarios de viviendas.