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.”
Brokers see more than just problem borrowers
Mortgage brokers have a more diverse range of clients than they used to, NZMBA chairman Brian Berry says.
Wednesday, January 15th 2003, 3:54AM
by Jenny Ruth
Mortgage brokers are now writing between 28% and 29% of all home loans in New Zealand and their client base has become far more diverse than it used to be, according to Mortgage Brokers Association chairman Brian Berry.
"In the early days of broking it was only the marginal deals that brokers got to see," says Berry, who has been in the broking business since 1985.
Over time, as the market has grown and with more satisfied clients generating increasing referrals, "we’ve become much more main stream in our clientele," he says.
"Certainly, we still do get the difficult cases – they’re coming to us because of our expertise – but a lot of what we do now is run-of-the-mill, people with good equity and good servicing ability," he says.
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