Severe weather warnings have been issued as a front from the Tasman Sea approaches the South Island, bringing expected rain and wind. MetService has warned of heavy rain in Westland, Canterbury, and Otago, with a significant downpour predicted for a 16-hour period starting at 2pm on Sunday, potentially reaching up to 190mm. Additionally, heavy rain watches are in effect for Grey and Buller ranges, while strong wind watches are issued for the Canterbury High Country and Marlborough.
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ASB cuts mortgage rates to match rival five big banks
ASB has announced significant reductions in its fixed mortgage rates, aligning with other major banks; the six-month fixed rate drops by 16 basis points to 5.29%, while the one-year fixed rate decreases by 6 basis points to 4.89%. ASB's executive noted that borrowers now pay 2.5% less interest compared to 18 months ago, potentially saving $12,500 annually on a $500,000 loan. Need More Context? 🔎
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