All major lenders have now cut at least some fixed rate mortgages, with KiwiBank announcing its reductions today.
Its six-month home loan rate was down 0.36 of a percentage point to 5.59 percent, the one-year rate was cut 0.5 to 5.95 percent, the two-year dropped 0.19 to 6.4 percent, the three-year was down 0.19 to 6.9 percent, the four-year was down 0.15 to 7.3 percent, and the five-year down 0.1 to 7.6 percent.
NZPA