ASB raises home loan rates sharply
A major mortgage lender sets higher rates to start 2017, responding to higher wholesale rates, and hoping its rivals follow soon
www.interest.co.nzHere’s the latest on ASB mortgage rate movements.
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ASB has recently increased mortgage rates, with several fixed-term rates adjusted higher by small increments. This reflects moves in wholesale borrowing costs and market volatility affecting funding costs.[1][6]
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In the wake of these moves, the bank’s one-year fixed rate and longer terms saw rises, while some lenders have signaled ongoing adjustments as global rates trend higher.[6][1]
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If you’re shopping for a home loan, compare ASB’s new fixed rates across terms (1-year through 5-year) and consider whether a shorter or longer fixed period best fits your budget and market outlook.[6]
What this could mean for you in Prague (CZ): mortgage rate dynamics in New Zealand don’t directly affect Czech rates, but rising global rates can influence international funding costs and exchange-rate considerations for any NZ-linked or cross-border borrowing. If you’d like, I can summarize how NZ mortgage moves typically ripple to global markets and outline strategies for borrowers in non-NZ contexts.[1]
Citations:
- ASB hikes mortgage rates by up to 20 basis points[1]
- Major bank hikes mortgage rates[6]