Mortgages
Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
23rd Jan 25, 6:10pm
9
Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
22nd Jan 25, 10:41am
5
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
22nd Jan 25, 8:37am
20
Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
21st Jan 25, 5:31pm
44
The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
17th Jan 25, 8:35am
60
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures
13th Jan 25, 3:55pm
33
Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures
For the first time in more than a decade a new registered non-bank financial institution is about to launch, Welcome Investments & Loans
8th Jan 25, 2:48pm
14
For the first time in more than a decade a new registered non-bank financial institution is about to launch, Welcome Investments & Loans
New research out of the Retirement Commission finds growing cost-of-living pressures are forcing some over-65s to make extreme cuts to spending to get by
18th Dec 24, 5:00am
90
New research out of the Retirement Commission finds growing cost-of-living pressures are forcing some over-65s to make extreme cuts to spending to get by
Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity
9th Dec 24, 1:32pm
17
Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity
Kiwibank joins BNZ with some home loan rate cuts and hikes, matched with term deposit rate cuts (but no hikes)
9th Dec 24, 10:54am
14
Kiwibank joins BNZ with some home loan rate cuts and hikes, matched with term deposit rate cuts (but no hikes)
Online mortgage bank Heartland pushes all its fixed home loan rates down to the lowest level of any bank
4th Dec 24, 10:02am
12
Online mortgage bank Heartland pushes all its fixed home loan rates down to the lowest level of any bank
Although BNZ's latest home loan rate moves are not to especially unique levels, their raising of rates at the long end signal a different shape in the rate curves
3rd Dec 24, 8:44am
15
Although BNZ's latest home loan rate moves are not to especially unique levels, their raising of rates at the long end signal a different shape in the rate curves
Reserve Bank figures show $1.58b rise in bank mortgage stock in October; amounts on floating mortgage rates rose by the most in over 13 years
2nd Dec 24, 2:29pm
21
Reserve Bank figures show $1.58b rise in bank mortgage stock in October; amounts on floating mortgage rates rose by the most in over 13 years
ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions
2nd Dec 24, 7:30am
29
ASB cuts fixed mortgage rates, and term deposit rates, signaling a final December push for precious housing sale transactions
Reserve Bank increases its 2025 house price growth forecast; latest monthly figures show seasonally adjusted rise of 3.3% in committed mortgages; investors take biggest share of mortgage money since early 2021
28th Nov 24, 9:02am
159
Reserve Bank increases its 2025 house price growth forecast; latest monthly figures show seasonally adjusted rise of 3.3% in committed mortgages; investors take biggest share of mortgage money since early 2021
[updated]
Yes, the OCR was cut, and floating rates have gone down. But so have some fixed rates. We track the fixed rate changes here
27th Nov 24, 3:48pm
7
Yes, the OCR was cut, and floating rates have gone down. But so have some fixed rates. We track the fixed rate changes here
[updated]
Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers
27th Nov 24, 2:13pm
6
Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers
ASB and Kiwibank lead way in September quarter housing lending growth
27th Nov 24, 7:44am
ASB and Kiwibank lead way in September quarter housing lending growth
[updated]
ANZ NZ unveils some mortgage and term deposit rate cuts ahead of Wednesday's Official Cash Rate review
26th Nov 24, 5:26pm
71
ANZ NZ unveils some mortgage and term deposit rate cuts ahead of Wednesday's Official Cash Rate review
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
21st Nov 24, 9:16am
2
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
23
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
111
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
23
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
21
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
4
Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain