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Mortgage Rates Daily Commentary
Thursday 6 August 2026
Taranaki residents plan to try and stop TSB sale - but there's a hitch; ASB hikes rates Taranaki residents unhappy with the plan to sell TSB Bank to Heartland are hoping to file an injunction to stop it next week - but there's a catch. [READ ON]
ASB is the latest bank to increase fixed rates.
It has increased its fixed home loan rates by between 10-26 bps on its 6-month to three-year terms and has increased term deposit rates by 10-20 bps on its 6-month to two-year terms.
ASB’s Executive General Manager Personal Banking Adam Boyd says “We’re continuing to see volatility in wholesale interest rates, which have climbed over the past month. This has a direct bearing on the rates we offer on lending and deposits, in line with what is happening in markets around the world.”
Interest rates continue to rise
In the past month fixed rates for home loans have continued to rise while floating rates have stabalised.
Thursday, July 12th 2001, 10:03PM
Fixed mortgage interest rates continued to firm in the 30 days to July 10, while floating mortgage interest rates have stabilised, still ranging between 6.84 and 8.00%, according to the Real Estate Institute of New Zealand.
Institute national president Rex Hadley, says that in the month to July 10, the majority of the institutions surveyed had raised their longer term rates. ( for a full rates table click here)
"Fixed rates have firmed month by month since May. Having firmed by between 0.25 and 0.40% in the month to June 10, fixed rates again raised by between 0.05 to 0.39% across the board in the latest period."
One year fixed rates range between 6.69 and 7.20%, compared with 6.65 to 7.10% a month ago. Two year rates range between 7.20 and 7.70% compared to 7.20 and 7.60% last month and three year fixed rates have increased from a range of 7.30 to 7.90% to a range of 7.50 to 8.05%. Four and five year rates range between 7.85 to 8.35%, up from the 7.80 and 8.20% recorded in the month to June 10.
Commenting is closed
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Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
3.34 |
- |
- |
- |
| AIA - Go Home Loans |
6.14 |
4.75 |
5.25 |
5.29 |
| ANZ |
6.04 |
▲5.59 |
▲6.09 |
▲6.19 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
▲4.99 |
▲5.49 |
▲5.59 |
| ASB Bank |
6.04 |
▲4.99 |
▲5.45 |
▲5.45 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
6.60 |
- |
- |
- |
| Avanti Finance - Specialised |
7.75 |
- |
- |
- |
| Basecorp Finance |
6.35 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Mortgage One |
6.19 |
- |
- |
- |
| BNZ - Rapid Repay |
6.19 |
- |
- |
- |
| BNZ - Std |
6.09 |
▲4.99 |
▲5.45 |
▲5.45 |
| BNZ - TotalMoney |
6.19 |
- |
- |
- |
| CFML 321 Loans |
4.20 |
- |
- |
- |
| CFML Home Loans |
6.30 |
- |
- |
- |
| CFML Prime Loans |
6.45 |
- |
- |
- |
| CFML Standard Loans |
7.20 |
- |
- |
- |
| China Construction Bank |
6.44 |
4.85 |
4.95 |
4.95 |
| China Construction Bank Special |
6.44 |
5.85 |
5.95 |
5.95 |
| Co-operative Bank - First Home Special |
- |
4.74 |
5.29 |
5.59 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Owner Occ |
5.34 |
4.84 |
5.39 |
5.69 |
| Co-operative Bank - Standard |
5.34 |
5.34 |
5.89 |
6.19 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
5.09 |
5.49 |
- |
| First Credit Union Standard |
6.49 |
5.69 |
6.09 |
- |
| Heartland Bank - Online |
5.80 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
7.99 |
- |
- |
- |
| Heretaunga Building Society |
6.50 |
5.50 |
5.65 |
- |
| ICBC |
5.39 |
4.49 |
4.99 |
5.25 |
| Kainga Ora |
5.79 |
4.59 |
4.95 |
5.19 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kiwibank |
6.00 |
5.65 |
6.09 |
6.19 |
| Kiwibank - Offset |
6.00 |
- |
- |
- |
| Kiwibank Special |
5.75 |
4.75 |
5.19 |
5.39 |
| Liberty |
6.65 |
6.55 |
6.22 |
6.20 |
| Nelson Building Society |
▲6.79 |
▲4.99 |
▲5.49 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
5.84 |
5.39 |
5.89 |
5.89 |
| SBS Bank Special |
- |
4.69 |
5.29 |
5.29 |
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS FirstHome Combo |
3.29 |
4.29 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
6.59 |
5.49 |
6.05 |
6.29 |
| TSB Special |
5.79 |
4.69 |
5.25 |
5.49 |
| Unity First Home Buyer special |
- |
4.15 |
- |
- |
| Unity Special |
▲6.04 |
4.80 |
5.29 |
- |
| Unity Standard |
▲6.04 |
5.60 |
6.29 |
- |
| Wairarapa Building Society |
6.15 |
4.95 |
5.45 |
- |
| Westpac |
6.14 |
5.59 |
6.05 |
5.95 |
| Westpac Choices Everyday |
6.24 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Offset |
6.14 |
- |
- |
- |
| Westpac Special |
- |
4.99 |
5.45 |
5.35 |
| Median |
6.15 |
4.99 |
5.47 |
5.49 |
Last updated: 7 August 2026 8:32am Previous News
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Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
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Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
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Thursday, May 11th, 9:00AM
No change to OCR: What RB said today
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Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
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Tuesday, May 2nd, 11:10AM
ANZ half-year profit jumps
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Monday, April 24th, 10:23AM
Local flavour makes for bank winners
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