��һ�ǿ�����

ASB says it has dropped some of its mortgage rates today and introduced a 4.99% offer for one of its offerings.

The move comes five days after .

ASB said its two-year mortgage rate has dropped 30 basis points to 4.99%.

It said today’s tweaks were the fourth round of fixed-rate decreases so far this year.

ASB said its one-year rate was dropping 24 basis points (bps) to 5.25% and it also lowered its three-year fixed rate to 5.35%, down 24 basis points.

“Today’s fixed-rate decreases will appeal to a broad range of Kiwis, with our sub-5 mortgage rate offering a strong medium-term option for people looking for added certainty,” ASB executive general manager Adam Boyd said.

ASB’s move on the two-year rate matches steps its rival ANZ took last week.

Last week, with a 4.99% two-year offer. And ANZ staff were offered an even lower rate, at 4.75%.

But an interest rate analyst said New Zealand borrowers currently sitting on a more costly floating rate, waiting for a cheaper fixed rate to arrive, could miss out on savings.

JB Drax Honore strategist Sean Keane told Markets with Madison that .

Last Wednesday, .

BNZ cut its floating rates by 50bps, with its standard variable rate dropping to 6.94%.

Westpac only passed on 40bps to its floating home loan rates, cutting its Choices floating rate to 6.99%. But the bank did shave a bit off its fixed-term rates.

Kiwibank also cut its variable home loan rate from 7.25% to 6.75%.