Tag: BNZ
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ASB and BNZ Lift Fixed-Rate Home Loans Ahead of Winter Mortgage Season
New Zealand banks push fixed-rate mortgage costs higher In a move mirroring recent shifts by Westpac and ANZ, ASB and BNZ have announced higher fixed-rate home loan terms. The changes affect several common fixed periods, signaling a cautious stance among lenders as they balance funding costs and borrower demand. For borrowers, this means reviewing mortgage…
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ASB and BNZ Lift Some Fixed Home Loan Rates in NZ Market
NZ Banks Move to Increase Fixed Home Loan Rates New Zealand home loan borrowers faced a fresh shift in the cost of financing as ASB and BNZ joined Westpac and ANZ in lifting certain fixed-term mortgage rates. The moves, which affect several fixed-term options, come amid ongoing fluctuations in the official cash rate and shifting…
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ASB and BNZ Raise Fixed-Rate Home Loans: What It Means for Borrowers
Overview: Fixed-rate hikes from ASB and BNZ New Zealand’s home loan market has seen another wave of rate adjustments as ASB and BNZ join Westpac and ANZ in lifting some fixed-rate terms. The moves come amid broader shifts in the interest-rate landscape, affecting borrowers who prefer the predictability of fixed-rate mortgages. What exactly is changing?…