Mortgages
Latest RBNZ figures show NZ's housing lending stock increased by over $1.3 billion in May, while the annual growth rate was the highest for over a year
29th Jun 24, 6:31am
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Latest RBNZ figures show NZ's housing lending stock increased by over $1.3 billion in May, while the annual growth rate was the highest for over a year
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
26th Jun 24, 6:00pm
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Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
FAMNZ says finance and mortgage advisers are part of the solution for borrowers. 'As we provide first class service, act in our customers’ best interests, and lift our market share, the winners will be consumers'
25th Jun 24, 11:25am
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FAMNZ says finance and mortgage advisers are part of the solution for borrowers. 'As we provide first class service, act in our customers’ best interests, and lift our market share, the winners will be consumers'
Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
14th Jun 24, 5:00am
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Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
10th Jun 24, 2:07pm
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David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
Latest Reserve Bank figures show nearly three-quarters of the new mortgage money taken up by owner-occupiers in April was for at rates fixed for a year or less
5th Jun 24, 3:46pm
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Latest Reserve Bank figures show nearly three-quarters of the new mortgage money taken up by owner-occupiers in April was for at rates fixed for a year or less
Latest RBNZ figures show non-performing housing loans increased $136 million in April to over $1.9 billion and are up 72% in the past 12 months
4th Jun 24, 2:54pm
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Latest RBNZ figures show non-performing housing loans increased $136 million in April to over $1.9 billion and are up 72% in the past 12 months
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
29th May 24, 10:04am
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
28th May 24, 4:07pm
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Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
Co-operative Bank CEO Mark Wilkshire eyes new core banking system, sees 2 key areas of open banking opportunity, 'moves quickly' to address RBNZ AML concerns
28th May 24, 11:14am
Co-operative Bank CEO Mark Wilkshire eyes new core banking system, sees 2 key areas of open banking opportunity, 'moves quickly' to address RBNZ AML concerns
Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
28th May 24, 10:58am
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Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
23rd May 24, 11:16am
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BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
17th May 24, 5:00am
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David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
16th May 24, 2:38pm
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Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
16th May 24, 9:22am
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While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions
15th May 24, 6:30am
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Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions
[updated]
With the shift lower by the last major Aussie bank now complete, we look at whether it is better to take the new lower short home loan rates, or go for the much lower longer term rates
14th May 24, 8:50am
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With the shift lower by the last major Aussie bank now complete, we look at whether it is better to take the new lower short home loan rates, or go for the much lower longer term rates
Kiwibank takes its carded one year home loan rate below 7%, the first time any main bank has offered a rate that low for that term in 10 months, cuts key term deposit rates at the same time
13th May 24, 8:46am
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Kiwibank takes its carded one year home loan rate below 7%, the first time any main bank has offered a rate that low for that term in 10 months, cuts key term deposit rates at the same time
Westpac follows two rivals with some matching rate cuts, but goes lower with a three year home loan rate. And it offers savers a higher nine month term deposit rate
10th May 24, 12:04pm
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Westpac follows two rivals with some matching rate cuts, but goes lower with a three year home loan rate. And it offers savers a higher nine month term deposit rate
[updated]
ASB adjusts its home loan rate card lower as wholesale rates ease, keeping its short fixed rates competitive, but not undercutting is main rival. ASB has trimmed TD rates too
8th May 24, 8:06am
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ASB adjusts its home loan rate card lower as wholesale rates ease, keeping its short fixed rates competitive, but not undercutting is main rival. ASB has trimmed TD rates too
Latest Reserve Bank figures show over half the mortgage money taken up in March was for either a one-year or shorter fixed rate term
7th May 24, 3:57pm
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Latest Reserve Bank figures show over half the mortgage money taken up in March was for either a one-year or shorter fixed rate term
[updated]
New Zealand's biggest bank, ANZ NZ, says interim profit rose as credit impairment charges fell, but the environment is challenging
7th May 24, 10:11am
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New Zealand's biggest bank, ANZ NZ, says interim profit rose as credit impairment charges fell, but the environment is challenging
Westpac NZ CEO Catherine McGrath says home loan borrowers holding up better than expected, less than a quarter now on an interest rate below 5%
7th May 24, 9:27am
Westpac NZ CEO Catherine McGrath says home loan borrowers holding up better than expected, less than a quarter now on an interest rate below 5%
[updated]
Westpac NZ CEO Catherine McGrath sees good momentum, optimistic economy will start improving by end of year. Says fewer customers suffering hardship than expected
6th May 24, 10:28am
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Westpac NZ CEO Catherine McGrath sees good momentum, optimistic economy will start improving by end of year. Says fewer customers suffering hardship than expected
[updated]
ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak
2nd May 24, 7:39pm
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ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak