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Posted in Personal Finance

What happened Friday

A review of things you need to know before you go home on Friday; more home loan rate cuts, bigger credit card debt, sharing with our new best friends, Arvida gets its money

BNZ, Kiwibank cut 3-yr home loan rates

Updated
Cuts to three-year, fixed-term home loan rates from BNZ and Kiwibank; Kiwibank ends five-year 'special'

What happened Thursday

A review of things you need to know before you go home on Thursday; Westpac's 18-month mortgage special; Cullen funds growing rapidly; FMA a respected regulator; Countdown cleared of bullying; Harbour on China

Westpac launches new 18 mth home loan 'special'

The Red Bank rejigs its home loan offers; targets 18 month, 3 year and 5 year terms for lower conditional rates

What happened Wednesday

A review of things you need to know before you go home on Wednesday; dairy angst, low birth rate, taxpayers finally shake guarantee; mortgage approvals stir, swap rates fall

What happened Tuesday

A review of things you need to know before you go home on Tuesday; cars to disrupt public transport funding, fast uptake of fast broadband, tiny tax credit rise; NZD rising again

What happened Monday

A review of things you need to know before you go home on Monday; PSI high and stable, retail sales healthy, Japan in trouble, ANZ gives themselves a brickbat, NZD strengthens

ASB offers NZ's lowest 4 year mortgage rate

A new set of home loan rate offers from ASB & cousins sees a more aggressive and lower position by one of our biggest mortgage banks

What happened Friday

Updated
A review of things you need to know before you go home on Friday; TSB Bank cuts 18 mth mortgage rate, ASB to raise their 2 yr one?, petrol prices fall, NZD volumes jump

What happened Thursday

A review of things you need to know before you go home on Thursday; house prices up, transaction levels stable, factories busy hiring, consumer sentiment falls but high, food price rises low

What happened Wednesday

A review of things you need to know before you go home on Wednesday; RaboDirect cuts deposit rates; LVR restrictions stay; RBNZ wants banks to hold more capital, sees no property bubble in Auckland

1st home buyers account for 10% of new mortgage lending

First home buyers account for 10% of new mortgage lending while investors account for less than 30%, according to new Reserve Bank figures

What happened Tuesday

A review of things you need to know before you go home on Tuesday; rents up 6%; Kiwis spend $6.4 billion on their plastic; Truckometer full steam ahead; no global growth impetus

What happened Monday

A review of things you need to know before you go home on Monday; lower mortgage rates, lower term deposit rates, bad time to buy houses, flatter wholesale rates, NZD jumps

BNZ reduces term deposit rates

BNZ cuts term deposit rates for 2-5 years to the lowest offers for these terms among main banks; Kiwibank also chops some longer term TD rates

More reductions in mortgage rates

BNZ drops all Standard rates for terms 18 months to 7 years reflecting a flattening bias in home loan fixed rates

Interest only mortgages, the new high LVR loans?

The big banks have nearly 25% of their mortgage books paying interest only. Gareth Vaughan asks whether this is good for financial stability

Lending Crowd nears P2P application

Finance Direct majority owner says he's close to applying to the FMA for a peer-to-peer lending licence for Lending Crowd

What happened Friday

A review of things you need to know before you go home on Friday; more mortgage rate cuts, huge car sales, lower WMP prices, other commodity prices higher, swap rates jump, NZD falls

Kiwibank slices 80 bps off 5yr mortgage rate

State-owned bank pitches its new longest fixed home loan rate well below its rivals, setting a dramatic new benchmark