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Posted in Personal Finance

Raising the stakes by lowering the rate

TSB Bank ups home loan ante by launching market leading 2yr rate, raises cash incentive, adds a home makeover draw

What happened Friday

A review of things you need to know before you go home on Friday; TSB Bank goes all out, Roest denied, business confidence disappoints, rapid rise in Akl building consents, 70% of mortgages fixed

What happened Thursday

A review of things you need to know before you go home on Thursday; home loan rates down, td rates up, big Auckland budget, Westland cuts dairy payout guidance hard, swap rates flatten further

What happened Wednesday

A review of things you need to know before you go home on Wednesday; RaboDirect raises term deposit rates, food prices fall, Fonterra payout price holds, home loan affordability improves

What happened Tuesday

A review of things you need to know before you go home on Tuesday; lower home loan rates, lower swap rates, less high LVR lending, exports soft, NZ's rating affirmed, NZD starts to rise again

Two banks cut home loan rates

Kiwibank beats all with market's lowest 2 yr fixed rate; Westpac slices its 3 yr fixed rate

What happened Monday

A review of things you need to know before you go home on Monday; fixing our poor population estimates, Xero's new marketplace, NZI dumps on the Nat's FHB policy, currency excitement

$218 million HomeStart package for first home buyers

Updated
New package to help about 90,000 lower and middle income first home buyers over the next five years, says Nick Smith

What happened Friday

A review of things you need to know before you go home on Friday; Resimac changes home loan rates, education industry grows, Croxley slims, Tower gets RBNZ tick, Westpac says fix

What happened Thursday

A review of things you need to know before you go home on Thursday; job ads cool, Labour focuses on Dunedin, Aust the backdoor into NZ, consumer confidence down, credit card use slows, swap rates firm

What happened Wednesday

A review of things you need to know before you go home on Wednesday; HCNZ moves home loan rates 1 bp, home loan approvals slow, payout forecasts cut, poll surprise, US dollar surges

What happened today

A review of things you need to know before you go home on Tuesday; the best public service, Ralph replaces Ralph, IAG getting its reward, inflation under control, surplus safe, NZD falls

What happened Monday

A review of things you need to know before you go home on Monday; HSBC ends mortgage specials, service sector expands faster, farm and lifestyle block sales, no inflation yet, swap rates fall

What happened Friday

A review of things you need to know before you go home on Friday

What happened Thursday

A review of things you need to know before you go home on Thursday

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Govt, BNZ tackle loan sharks, electronic card spending rises, Japan's economy shrinks & more

What happened Tuesday

A review of things you need to know before you go home on Tuesday; NZ dollar drops on weaker REINZ data, Clare leaving Power succeeding? Truckometer suggests stronger Q3

BNZ last bank to adopt 5.99%

All but one bank settles on just below 6% as their key two year mortgage rate, the different one offers a lower rate

What happened Monday

A review of things you need to know before you go home on Monday; Westpac joins the 5.99% party, Rents fall unexpectedly, card spending flat, swap rates claw back recent falls

Now Westpac also offers 5.99% for two years

The Red bank falls into line with a two year home loan offer that matches most other major banks, ends one year 'special', raises capped rate