ASB latest bank to hike mortgage rates
The last of the big five banks has increased its lending rates.
www.nzherald.co.nzHere’s the latest on ASB mortgage rate increases:
- ASB has raised its mortgage rates by up to 20 basis points, with the 1-year fixed rate moving to about 4.65% in the latest adjustment. This places ASB among the higher end of the big five lenders on that term. [source: NZ Herald, 2026-04-27][1]
- Other reporting confirms similar moves across major banks as wholesale rates rise and market volatility persists. For example, ASB’s one-year fixed rate is shown at 4.65%, and longer terms have seen modest increases as well. [source: SSBCrack News, 2026-04-28][3]
- The trend appears to be part of a broader pattern where several banks have lifted fixed-rate mortgage products in response to global funding costs, with consumers urged to review lending structures and potentially refinance where rates and terms align with their finances. [source: NZ Herald; SSBCrack News][1][3]
If you’d like, I can pull the most current fixed and variable rates for 1-5 years from ASB and compare them side-by-side with other major banks in New Zealand. I can also help you estimate monthly payments for a sample loan size at the new rates.