- Home-owners are bracing for higher rates for fixed-term mortgages with ASB increasing its 3-year and 5-year standard rates, and other banks predicted to follow suit this week.
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* ASB lifts home loan rates, other banks set to follow
* Reserve Bank will soon publish what it will do to interest rates
DAVID WHITE/FAIRFAX NZ
Unlike fixed rates, banks’ floating rates aren’t going to rise any time soon, says ANZ chief economist Cameron Bagrie.
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