ASB has cut its 18 month fixed term loan rate to 5.39% following cuts by Westpac and BNZ.
All three of the banks' six-month rates are now at 5.99% as they fight to be the bank of choice for mortgages.
This comes alongside rumours of a foreign buyer ban reversal - with experts saying it could work, but rules need to be more flexible.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
