For the second time in as many weeks, Kiwibank and ASB have reduced their fixed mortgage rates.  

It follows falls in wholesale rates on the expectation that central banks are getting closer to cutting their benchmark rates. 

ASB’s Chief Economist, Nick Tuffley, told Mike Hosking what people are seeing is the settling of rates and the response to news over the last week. 

The market is still reasonably patchy, but according to Tuffley its likely to even out slightly as interest rates come down. 

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