Mortgages

Since Depositor Compensation Scheme launch residential mortgage lending by finance companies is up over 30%, Reserve Bank says

Since Depositor Compensation Scheme launch residential mortgage lending by finance companies is up over 30%, Reserve Bank says

NZ likely to see a slower recovery, affecting job growth and debt servicing, but banks and farmers well placed to manage economic shock as housing market remains soft, according to Reserve Bank's latest Financial Stability Report

NZ likely to see a slower recovery, affecting job growth and debt servicing, but banks and farmers well placed to manage economic shock as housing market remains soft, according to Reserve Bank's latest Financial Stability Report

ANZ NZ CEO Antonia Watson says banks have 'committed to the government to see our customers through' oil shock-related cost pressures

ANZ NZ CEO Antonia Watson says banks have 'committed to the government to see our customers through' oil shock-related cost pressures

CEO Antonia Watson concerned 'geopolitical headwinds may curtail momentum' in the 2nd half of ANZ NZ's financial year

CEO Antonia Watson concerned 'geopolitical headwinds may curtail momentum' in the 2nd half of ANZ NZ's financial year

First home buyers accounted for 24% of new mortgages issued in the second half of last year

First home buyers accounted for 24% of new mortgages issued in the second half of last year

Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins

Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins

Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour

Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour

ANZ has raised their two year fixed mortgage rate by +20 bps, most others by +10 bps, resulting in the most expensive rate card in the home loan market at present

ANZ has raised their two year fixed mortgage rate by +20 bps, most others by +10 bps, resulting in the most expensive rate card in the home loan market at present

First home buyers likely accounted for more than a third of property purchases in February but high levels of low equity mortgage lending could foreshadow future problems

First home buyers likely accounted for more than a third of property purchases in February but high levels of low equity mortgage lending could foreshadow future problems

Latest Reserve Bank figures show the huge wave of re-fixing of mortgages taking place before Christmas is now well and truly subsiding

Latest Reserve Bank figures show the huge wave of re-fixing of mortgages taking place before Christmas is now well and truly subsiding

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

The country's largest mortgage lender raises its carded home loan rates too, with more than me-too increases. Unlike some, they raised term deposit rates at the same time

The country's largest mortgage lender raises its carded home loan rates too, with more than me-too increases. Unlike some, they raised term deposit rates at the same time