KiwiBank joins the move to lower fixed rate mortgages

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%, the one-year rate was cut 0.5 to 5.95%, the two-year dropped 0.19 to 6.4%, the three-year was down 0.19 to 6.9%, the four-year was down 0.15 to 7.3%, and the five-year down 0.1 to 7.6%.

NZPA

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