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Posted in Personal Finance

A strategic withdrawal

Banks quietly pulling the plug on home loan cash back programmes with only a few banks still offering them

Simplifying its offers

BNZ ditches its 'classic' mortgage rates, removes cash incentive offer, and focuses on a 'competitive' single rate set

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Deposit rate cuts, house values rise, China's manufacturing expands, Solid Energy intrigue, April fools & more

What happened Tuesday

A review of things you need to know before you go home on Tuesday; business confidence up, money supply growing faster, housing approvals stutter, other consents very strong, NZD reaches parity with the AUD

What happened Monday

A review of things you need to know before you go home on Monday; Westpac and F&P Finance cut rates, employment confidence high, ditto investor confidence, ditto for bank satisfaction

Be penny-wise, pound-rich

Elizabeth Kerr is sweating over the apathy toward small change

'P2P platforms shouldn't expect to be exempt from the law'

Where, if anywhere, do licensed peer-to-peer lenders and loans done via them fit into consumer credit regulations?

Minimum repayment warnings for credit cards

Updated
Shake-up to consumer credit laws includes introduction of minimum repayment warnings on credit card statements

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Fonterra disappoints, Ruataniwha gets lifeline, China's consumers smiling, trade surplus vanishing, mortgage approvals peak, swap curve flattens

What happened Tuesday

A review of things you need to know before you go home on Tuesday; Spark borrows at 4.5%, Grant Spencer gets big OECD role, MRP to shut capacity, Payments NZ gets new members

Time to cut floating mortgage rates

Gareth Vaughan argues it's time for banks to cut unjustifiably high floating mortgage rates

What happened Monday

A review of things you need to know before you go home on Monday; Westpac and Heartland cut rates, Rabobank reports fatter profits, Lee Kuan Yew is dead, NZ and Korea sign big deal, swap rates and NZD rise

Your emergency is not my problem!

Elizabeth Kerr talks emergency funds, and why your credit cards and mortgages don’t count.

Matching their rivals

Westpac reduces two key home loan rates ahead of an end-of-month review of their 'healthy cash bonus'

What happened Friday

A review of things you need to know before you go home on Friday; migrant surge, credit card honey pot, consumers confident, job market strong, IAG doesn't want to to fix it, wholesale rates rise

'Heavy, heavy demand' for 5yr mortgage

SBS CEO Wayne Evans says headline grabbing 5-year home loan offer designed to buy his bank time with customers

What happened Thursday

A review of things you need to know before you go home on Thursday; Westpac trumps BNZ; NZ economy growing strongly; lifestyle bloc sales sag; wholesale rates sharply lower; NZD back above 75 USc

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Resimac cuts home loan rates, BOP deficit grows, mortgage approvals hit 13wk high, more jobs, fewer teen mums on benefits

Prescriptive approach 'adds costs right across the spectrum'

Commerce and Consumer Affairs Minister Paul Goldsmith says Responsible Lending Code doesn't drill down to the nth degree of detail, expects Commerce Commission to seek clarity in court

What happened Tuesday

A review of things you need to know before you go home on Tuesday; NZSF hits a home run, inside traders get jail, RBA signals more cuts, NZD awaits GDT