Tag: NZ banks
-
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…
-
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…