Mortgages
Significant sums are now being pulled from term deposits, while investors are more active in mortgage borrowing this year, Reserve Bank figures show
3rd Dec 25, 9:15am
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Significant sums are now being pulled from term deposits, while investors are more active in mortgage borrowing this year, Reserve Bank figures show
Finance Minister Nicola Willis says she hopes the Reserve Bank’s OCR cut will flow through to mortgage holders, telling banks they have a stake in the economy and they should 'pass on as much as possible'
28th Nov 25, 11:11am
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Finance Minister Nicola Willis says she hopes the Reserve Bank’s OCR cut will flow through to mortgage holders, telling banks they have a stake in the economy and they should 'pass on as much as possible'
[updated]
Co-operative Bank first to cut floating mortgage rate following RBNZ's OCR cut with a 31 bps reduction to 4.99%. Westpac, ANZ & ASB cut 20 bps, Kiwibank & BNZ by only 15 bps
26th Nov 25, 2:06pm
Co-operative Bank first to cut floating mortgage rate following RBNZ's OCR cut with a 31 bps reduction to 4.99%. Westpac, ANZ & ASB cut 20 bps, Kiwibank & BNZ by only 15 bps
[updated]
ANZ NZ annual profit rises 21% boosted by hedging gains, impairment write-backs and a higher net interest margin
10th Nov 25, 10:12am
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ANZ NZ annual profit rises 21% boosted by hedging gains, impairment write-backs and a higher net interest margin
Latest Reserve Bank figures show in the first nine months of this year the pile of outstanding mortgage stock has grown at nearly double the rate it was growing two years ago
9th Nov 25, 6:01am
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Latest Reserve Bank figures show in the first nine months of this year the pile of outstanding mortgage stock has grown at nearly double the rate it was growing two years ago
Latest Reserve Bank figures show short term fixed and floating mortgages found renewed favour in September ahead of the Reserve Bank's Official Cash Rate decision on October 8
6th Nov 25, 4:20pm
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Latest Reserve Bank figures show short term fixed and floating mortgages found renewed favour in September ahead of the Reserve Bank's Official Cash Rate decision on October 8
[updated]
BNZ September-year profit down as revenue falls. CEO says customers making most of falling interest rate environment by paying loans down faster
6th Nov 25, 10:33am
BNZ September-year profit down as revenue falls. CEO says customers making most of falling interest rate environment by paying loans down faster
Reserve Bank sees rise in deposits with some non-bank deposit takers since July introduction of Depositor Compensation Scheme
6th Nov 25, 5:00am
Reserve Bank sees rise in deposits with some non-bank deposit takers since July introduction of Depositor Compensation Scheme
The Reserve Bank's latest Financial Stability Report says fewer borrowers are now falling behind on debt repayments, while borrowers who had previously been in default are finding ways to 'mitigate stress'
5th Nov 25, 10:27am
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The Reserve Bank's latest Financial Stability Report says fewer borrowers are now falling behind on debt repayments, while borrowers who had previously been in default are finding ways to 'mitigate stress'
[updated]
Westpac New Zealand annual profit falls as expenses rise. Net interest margin increases 15 basis points
3rd Nov 25, 10:34am
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Westpac New Zealand annual profit falls as expenses rise. Net interest margin increases 15 basis points
Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks
29th Oct 25, 6:30am
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Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks
The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well
23rd Oct 25, 4:00pm
The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well
Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms
23rd Oct 25, 9:18am
Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms
Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms
22nd Oct 25, 9:02am
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Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms
The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps
20th Oct 25, 5:08pm
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The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps