'Game-changer': Bank announces sub 2 percent mortgage rate for new-builds

'Game-changer': Bank announces sub 2 percent mortgage rate for new-builds
Newshub
2 hrs ago
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Related video: It follows months of increasingly lower interest rates.
Longer-term fixed interest rates are starting to move up, but for some borrowers the bar on floating interest rates has moved lower.
To support building more homes to boost New Zealand's housing supply, ASB Bank has announced a floating (variable) mortgage interest rate of 1.79 percent for new-builds. It's available to owner-occupiers and investors who are either buying a finished new build home (also called 'turnkey') or building their own home from scratch.  

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