Bank drops fixed mortgage rates again

Following the Reserve Bank's recent cut to the Official Cash Rate, BNZ has lowered several of its fixed home loan rates for terms from one to five years. The standard six-month rate remains unchanged.

This provides a new opportunity for homeowners and buyers to secure lower interest rates. New key rates include:

- 1-year, 18-month, and 2-year terms at 4.75%

- 3-year term at 4.95%

These changes may offer significant savings for those looking to fix their mortgage.