{"id":274530,"date":"2026-02-09T00:59:09","date_gmt":"2026-02-09T00:59:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/274530\/"},"modified":"2026-02-09T00:59:09","modified_gmt":"2026-02-09T00:59:09","slug":"major-bank-raises-medium-term-fixed-term-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/274530\/","title":{"rendered":"Major bank raises medium-term fixed term mortgage rates"},"content":{"rendered":"

\"Stylised<\/p>\n

\nPhoto: RNZ\n<\/p>\n

The rise in home loan rates continues with ASB Bank the latest to increase medium-term fixed mortgages.<\/p>\n

It has marginally lowered its six-month rates, but loans for one year through to three years have been raised between 10 and 20 basis points.<\/p>\n

ASB Bank said the rises reflected the increase in wholesale interest rates, which had risen more than half a percentage point since the last Reserve Bank decision at the end of last November.<\/p>\n

ASB’s six month rate is 4.59 percent, down six basis points. The one year rate has risen to 4.59 percent, the 18-month rate 4.75%, two years now sits at 4.95 percent and the three year rate is 5.19 percent.<\/p>\n

All major retail banks have their fixed mortgage rates over the past couple of weeks<\/a>.<\/p>\n

Last week BNZ cut its six-month rate by 20 basis points to 4.49 percent. But the four-year rate lifts by 26 basis points to 5.55 percent and the five-year by 40 basis points to 5.69 percent.<\/p>\n

ANZ is reducing its six-month rate by 20 basis points and increasing its two-year and four-year rates by 20. Its five-year rate will increase by 30. That takes its two-year special to 5.49 percent and its five-year special to 5.99 percent.<\/p>\n

Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Photo: RNZ The rise in home loan rates continues with ASB Bank the latest to increase medium-term fixed…\n","protected":false},"author":2,"featured_media":82927,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[48,138,47,111,43,139,69,49,46,44,45],"class_list":{"0":"post-274530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-audio","9":"tag-business","10":"tag-current-affairs","11":"tag-new-zealand","12":"tag-news","13":"tag-newzealand","14":"tag-nz","15":"tag-podcasts","16":"tag-public-radio","17":"tag-radio-new-zealand","18":"tag-rnz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/274530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=274530"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/274530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/82927"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=274530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=274530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=274530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}