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.

LISTEN ABOVE

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. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.