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.”
Liberty securitises NZ mortgages
Liberty Financial has launched and priced its third and largest issue of residential mortgage backed securities (RMBS) in New Zealand.
Monday, October 29th 2007, 9:11AM
The Series 2007-1 securitisation of $206 million is made up of prime and non-conforming mortgages.
This issue follows the successful completion of an A$235 million SME/CMBS securitisation and the launch of an A$400 million commercial paper program earlier this month.
Macquarie and Deutsche Bank were joint lead managers of the transaction.
"There was strong interest in the transaction from domestic investors," Macquarie Division Director Kevin Lee says.
"This securitisation confirms that the capital markets will continue to support high quality issuers with demonstrated track records."
Liberty managing director Sherman Ma says; "This issue highlights the importance of having a stand-alone operation based in New Zealand."
"The fund raising underscores Liberty's commitment to New Zealand and bolsters our investment in Mike Pero and the recent migration of our portfolio servicing function to our Auckland office."
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