Mortgages
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
21st Nov 24, 9:16am
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Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
[updated]
With all the focus by home loan borrowers on short fixed rates (expecting rates to fall further soon), BNZ chops its six month fixed rate to under 6%, the lowest of any bank
21st Nov 24, 8:13am
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With all the focus by home loan borrowers on short fixed rates (expecting rates to fall further soon), BNZ chops its six month fixed rate to under 6%, the lowest of any bank
Independent global economic researchers Capital Economics say despite their expectation the RBNZ will slash the OCR to just 2.25% in 2025 the housing market price recovery will be 'muted'
20th Nov 24, 8:45am
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Independent global economic researchers Capital Economics say despite their expectation the RBNZ will slash the OCR to just 2.25% in 2025 the housing market price recovery will be 'muted'
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
16th Nov 24, 6:52am
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The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
Latest quarterly Reserve Bank figures show the levels of new high debt-to-income borrowing are still well below the official limits that came into force in July this year
14th Nov 24, 10:35am
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Latest quarterly Reserve Bank figures show the levels of new high debt-to-income borrowing are still well below the official limits that came into force in July this year
Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain
13th Nov 24, 7:23pm
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Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain
ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans
9th Nov 24, 8:45am
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ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans
[updated]
ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise
8th Nov 24, 10:03am
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ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise
[updated]
BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
7th Nov 24, 10:10am
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BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
Latest Reserve Bank figures show six-month fixed rate terms maintaining their new found popularity - although there are signs of more variety in strategies being employed by the mortgage holders
5th Nov 24, 3:51pm
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Latest Reserve Bank figures show six-month fixed rate terms maintaining their new found popularity - although there are signs of more variety in strategies being employed by the mortgage holders
TSB launches 5.69% 'special offer' for one year fixed home loan rate, lower than any main bank's carded rate for that term
5th Nov 24, 9:37am
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TSB launches 5.69% 'special offer' for one year fixed home loan rate, lower than any main bank's carded rate for that term
Latest Reserve Bank figures show over $70 billion worth of mortgages is due to be refixed before the end of 2024
4th Nov 24, 2:43pm
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Latest Reserve Bank figures show over $70 billion worth of mortgages is due to be refixed before the end of 2024
[updated]
Annual profit up for Westpac NZ as income rises and loan impairments fall
Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
31st Oct 24, 3:58pm
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Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
31st Oct 24, 11:30am
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The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
[updated]
New lows for key home loan rate offers keep coming, the latest from Kiwibank who had the market-leading position for the popular one year fixed rate. Then Heartland goes lower
29th Oct 24, 9:21am
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New lows for key home loan rate offers keep coming, the latest from Kiwibank who had the market-leading position for the popular one year fixed rate. Then Heartland goes lower
Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
24th Oct 24, 3:54pm
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Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
[updated]
Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
24th Oct 24, 8:29am
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Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
23rd Oct 24, 9:23am
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BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
21st Oct 24, 11:32am
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The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
[updated]
ASB cuts fixed mortgage rates, especially for the six month term, and cuts term deposit rates just as hard. Westpac cuts too
17th Oct 24, 8:24am
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ASB cuts fixed mortgage rates, especially for the six month term, and cuts term deposit rates just as hard. Westpac cuts too
[updated]
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
15th Oct 24, 9:30am
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Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
[updated]
BNZ follows TSB with new lower home loan carded rates. It now leads the market. ANZ cuts too. We ask readers to update us with what they see in their banking apps
14th Oct 24, 5:04pm
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BNZ follows TSB with new lower home loan carded rates. It now leads the market. ANZ cuts too. We ask readers to update us with what they see in their banking apps
[updated]
Carded one year home loan rates fall below 6% now as wholesale rates turn their attention to the next RBNZ move
11th Oct 24, 9:02am
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Carded one year home loan rates fall below 6% now as wholesale rates turn their attention to the next RBNZ move
[updated]
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
10th Oct 24, 9:02am
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Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity