Kiwibank has made a number of home loan interest rate changes, effective Friday February 3, including ending the short-term "special" four-year fixed rate..

ASB is reducing some of its fixed home loan interest rates by up to 0.20%.

Kiwibank has today cut its four-year home loan rate from 6.79% p.a. to 5.99% p.a. The new rate significantly undercuts competing bank rates. Kiwibank Communications Manager Bruce Thompson said the bank traditionally likes to kick-start the year with a market-leading rate.

Kiwibank is offering a limited time home loan rate of 4.99% p.a. fixed for six months. Kiwibank Chief Executive Paul Brock said it is by far the lowest rate ever offered by the bank and significantly under cuts the other main banks.

HSBC has today announced that it will be dropping its two, three, four and five year fixed home loan rates, with immediate effect.

ASB is reducing its fixed home loan interest rates by up to 0.40%.

Kiwibank has announced a 30 month mortgage rate special of 5.99% p.a. effective today. This special rate is at least 0.31% lower than the other major banks' two year rates and 0.71% lower than their three year fixed rates.

HSBC has today announced that it will be dropping its one, two, three, four and five year fixed rates to again offer the lowest fixed home loan rates that are available in New Zealand*.

Kiwibank has today launched a one-year home loan special of 5.65% p.a. The rate is believed to be lowest fixed rate of any major bank operating in New Zealand.

ASB is responding swiftly to wholesale funding market movements, and reducing its home loan fixed interest rates.