Mortgages
[updated]
BNZ annual profit tops $1.4 billion as income, lending and net interest margins rise. Completes quadruple of record annual profit for big 4 banks
9th Nov 22, 10:38am
39
BNZ annual profit tops $1.4 billion as income, lending and net interest margins rise. Completes quadruple of record annual profit for big 4 banks
[updated]
Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs
7th Nov 22, 10:25am
72
Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs
Headlines warn of grim times as interest rates jump and house prices fall, but actually, households, banks and firms are in rude health
2nd Nov 22, 8:10pm
153
Headlines warn of grim times as interest rates jump and house prices fall, but actually, households, banks and firms are in rude health
We seem to be taking eye-watering rises in mortgage interest rates in our stride - but are we really? David Hargreaves tries to assess where we are with the rising interest rate 'cycle' and whether there is more trouble ahead
2nd Nov 22, 8:06am
37
We seem to be taking eye-watering rises in mortgage interest rates in our stride - but are we really? David Hargreaves tries to assess where we are with the rising interest rate 'cycle' and whether there is more trouble ahead
Reserve Bank sees potential for more risk to banks & property owners from river & surface water flooding than coastal flooding
1st Nov 22, 11:37am
45
Reserve Bank sees potential for more risk to banks & property owners from river & surface water flooding than coastal flooding
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 5.7% in the year to September, which compares with double digit growth seen at the same time a year ago
31st Oct 22, 3:44pm
8
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 5.7% in the year to September, which compares with double digit growth seen at the same time a year ago
RBNZ figures show that the amount advanced for mortgages in September was the lowest this year so far apart from January, while the amount charged in interest during the quarter climbed to over $3 billion for the first time since 2017
27th Oct 22, 3:38pm
15
RBNZ figures show that the amount advanced for mortgages in September was the lowest this year so far apart from January, while the amount charged in interest during the quarter climbed to over $3 billion for the first time since 2017
[updated]
ANZ NZ CEO Antonia Watson says bank's monitoring mortgage borrowers whose ability to repay was tested at 5.8% last year
27th Oct 22, 2:47pm
137
ANZ NZ CEO Antonia Watson says bank's monitoring mortgage borrowers whose ability to repay was tested at 5.8% last year
[updated]
ANZ NZ annual profit surges 20% boosted by rising income and hedging gains
[updated]
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
26th Oct 22, 8:46am
25
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
Reserve Bank chief economist Paul Conway says 'tradeable', or imported, inflation has been 'our friend' in recent decades, but this era could be coming to an end
25th Oct 22, 2:55pm
43
Reserve Bank chief economist Paul Conway says 'tradeable', or imported, inflation has been 'our friend' in recent decades, but this era could be coming to an end
Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so
21st Oct 22, 9:31am
49
Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so
[updated]
Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon
20th Oct 22, 3:51pm
43
Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon
[updated]
ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps
19th Oct 22, 4:11pm
155
ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps
David Hargreaves says that as the Reserve Bank prepares for its last interest rate review of the year next month its credibility is facing a massive test
19th Oct 22, 2:01pm
64
David Hargreaves says that as the Reserve Bank prepares for its last interest rate review of the year next month its credibility is facing a massive test
All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring
18th Oct 22, 9:34am
60
All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
17th Oct 22, 2:23pm
110
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
NZ Bankers' Association figures show that as of June only a little over 1% of those with a mortgage were behind with their payments - a percentage that's actually dropped in the past six months
13th Oct 22, 2:03pm
20
NZ Bankers' Association figures show that as of June only a little over 1% of those with a mortgage were behind with their payments - a percentage that's actually dropped in the past six months
Soaring fruit and vegetable prices are a key contributor to an overall food price inflation figure that's come in much higher than economists expected
13th Oct 22, 11:12am
117
Soaring fruit and vegetable prices are a key contributor to an overall food price inflation figure that's come in much higher than economists expected
David Hargreaves sees increasing signs the Reserve Bank will have to either raise the Official Cash Rate by more than it wants to - or concede some ground to inflation
13th Oct 22, 7:48am
65
David Hargreaves sees increasing signs the Reserve Bank will have to either raise the Official Cash Rate by more than it wants to - or concede some ground to inflation
Latest survey of retailers shows a still significant number are unsure if their businesses will survive the next year
10th Oct 22, 10:34am
24
Latest survey of retailers shows a still significant number are unsure if their businesses will survive the next year
David Hargreaves tries to get a sense of where we are in the battle with inflation - and how much more the Reserve Bank might need to do
6th Oct 22, 1:12pm
70
David Hargreaves tries to get a sense of where we are in the battle with inflation - and how much more the Reserve Bank might need to do
BNZ and Kiwibank raise fixed home loan rates in a restrained way, and join Westpac with a flatter rate card than both ANZ and ASB. The mortgage market now awaits the next RBNZ rate review
29th Sep 22, 9:36am
10
BNZ and Kiwibank raise fixed home loan rates in a restrained way, and join Westpac with a flatter rate card than both ANZ and ASB. The mortgage market now awaits the next RBNZ rate review
RBNZ figures show that first home buyers took 20.8% of the mortgage money advanced last month - the highest share since this data began being compiled in 2013
27th Sep 22, 3:29pm
17
RBNZ figures show that first home buyers took 20.8% of the mortgage money advanced last month - the highest share since this data began being compiled in 2013
ASB and HSBC are the next to raise mortgage rates following ANZ and Westpac. ANZ's lead has been justified by global wholesale rate moves following the US Fed signals and may indicate there is [much?] more to come
23rd Sep 22, 9:15am
81
ASB and HSBC are the next to raise mortgage rates following ANZ and Westpac. ANZ's lead has been justified by global wholesale rate moves following the US Fed signals and may indicate there is [much?] more to come