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.”
ANZ National Bank increase market share
ANZ National Bank has reported a sharply higher third quarter net profit and increased its market share of the mortgage market marginally for a second consecutive quarter.
Thursday, September 21st 2006, 6:36AM
by Jenny Ruth
Net profit for the three months ended June jumped 33.5% to $283 million, bringing its nine month result to $803 million, up 18.4% on the same nine months a year earlier.
The bank’s net interest income was up 16.8% to $549 million in the quarter while operating expenses fell 2% to $324 million.
Its mortgage book grew $1.33 billion, or 3.2%, to $42.4 billion. Using the Reserve Bank’s figures as a proxy for the market, ANZ National now has 34.72% of mortgages held by registered banks, up from 34.68% at the end of March and 34.49% at the end of December.
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