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.”
More mansions sold
Sunday, December 8th 2002, 10:11PM
by Jenny Ruth
The volume of sales of Auckland homes worth more than $1 million continues to break record levels. The 162 sold in the three months ended October marked the fifth consecutive quarterly increase in numbers, according to Bayleys Research.
The October quarter transactions worth $244 million compares with 149 in the three months ended July and 133 in the three months before that. The number in each of the last three quarters have been records.
It notes that sales of $1 million plus houses numbered between 150 and 250 a year between 1997 and 2000 and that it wasn’t until 2001 that the annual volume of sales got close to 300.
"The 400 and 500 barrier has also been breached over the 12 months to October 2002 with 540 sales recorded," Bayleys says.
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