In this section
Offers for readers
The comment stream
Recent comments
- 1 of 19105
- ››
Editors choice
- 1 of 276
- ››
Finance sector jobs
Successful applicants will have the opportunity to work with this leading Australian Advis...more
Australia
Think Global Recruitment is working with this exceptionally respected Australian Boutique ...more
Australia
Sought after opportunity to move to one of the most beautiful westernised countries in the...more
Australia

The news stream
Latest news
Most commented
- 90 seconds at 9 am with BNZ 116
- Wednesday's Top 10 with NZ Mint 78
- Friday's Top 10 with NZ Mint 28
- The problems with NZ's energy use 20
- Amanda's Take Five for Wednesday 19
- More bank mortgage rate cuts 16
- Govt lifts minimum wage 50 cts to $13.50 an hour 16
- Thursday's Top 10 with NZ Mint 15
- 90 seconds at 9 am with BNZ 14
- Full time jobs fall 13,000 in Dec qtr 14
Most viewed
Interest on Twitter
TSB raises 2 yr mortgage rate for 2nd time in a week; now 6.35%
TSB raised its two year mortgage rate on Friday morning by 16 basis points to 6.35%. This is the second time since last Friday that TSB has raised this rate, which has gone up from 5.99% a week ago.
Both fixed mortgage and longer term deposit rates are on the rise in New Zealand as longer term rates rise globally. This is despite the Reserve Bank's promise to keep the Official Cash Rate at or below 2.5% until the latter part of 2010. The banks have been required by the Reserve Bank to raise more funds from local depositors, which has increased competition in the local market, forcing banks to put up their rates.
See and compare all the rates on our mortgage rates page.
Hey BH long time watcher,
Hey BH
long time watcher, first time poster
Glad I took your brother in law's advice and fixed my rentals for 5 years at 6.5% earlier this year!
Keep up the good work, great website
Regards
I hear a lot of
I hear a lot of this 'banks are required to raise more funds locally'.
Under what control measure do they do this? I haven't seen anything in the press about it. What is the level of required local funding now as opposed to what it was during the boom?
This has in my opinion the largest impact on house prices, as larger deposites and higher interest rates drop the level of prices people can afford across the board