First home buyers
A whiff of instability and broken deal making stalks wholesale money markets, suddenly raising the stakes for indebted homeowners, especially those who need to roll over soon
28th Oct 21, 8:54pm
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A whiff of instability and broken deal making stalks wholesale money markets, suddenly raising the stakes for indebted homeowners, especially those who need to roll over soon
First home buyers borrowed an average of $548,000 during September
Latest Reserve Bank monthly figures show $6.9 billion of mortgages were advanced - which is just $400 mln short of a then record total recorded in September last year
27th Oct 21, 3:39pm
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Latest Reserve Bank monthly figures show $6.9 billion of mortgages were advanced - which is just $400 mln short of a then record total recorded in September last year
All the main banks have now moved fixed mortgage rates up so we can assess where they settled, who has the lowest, and note the non-rate inducements being offered by som
26th Oct 21, 9:21am
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All the main banks have now moved fixed mortgage rates up so we can assess where they settled, who has the lowest, and note the non-rate inducements being offered by som
Rising mortgage rates took the shine off price falls for many first home buyers in September
24th Oct 21, 6:00am
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Rising mortgage rates took the shine off price falls for many first home buyers in September
More banks jump on the fixed mortgage rate rise bandwagon as background wholesale rates push up both locally and internationally
22nd Oct 21, 9:08am
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More banks jump on the fixed mortgage rate rise bandwagon as background wholesale rates push up both locally and internationally
The Red Bank follows ANZ with a range of interest rate increases for both home loans and term deposits
21st Oct 21, 1:25pm
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The Red Bank follows ANZ with a range of interest rate increases for both home loans and term deposits
Following the sharp wholesales rate rises, NZ's largest home loan lender takes fixed mortgage rates up to another level. It also raises term deposit rates
21st Oct 21, 8:36am
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Following the sharp wholesales rate rises, NZ's largest home loan lender takes fixed mortgage rates up to another level. It also raises term deposit rates
Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up
15th Oct 21, 4:23pm
5
Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up
Wholesale rate pressure has pushed one of our largest home loan lenders to raise some key fixed rates and setting their market offerings as the highest available
14th Oct 21, 12:29pm
21
Wholesale rate pressure has pushed one of our largest home loan lenders to raise some key fixed rates and setting their market offerings as the highest available
Dipping our toes into the podcasting world, interest.co.nz probes whether it would be possible and desirable for the government and Reserve Bank to deliberately reduce house prices
10th Oct 21, 6:00am
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Dipping our toes into the podcasting world, interest.co.nz probes whether it would be possible and desirable for the government and Reserve Bank to deliberately reduce house prices
David Hargreaves says all the language is around further interest rate rises - but his crystal ball is looking very murky when it comes to our now Covid-hit economy
6th Oct 21, 2:56pm
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David Hargreaves says all the language is around further interest rate rises - but his crystal ball is looking very murky when it comes to our now Covid-hit economy
The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
4th Oct 21, 11:31am
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The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
Heartland Bank raises all its home loan interest rates but still retains the claim to the lowest rates available from any bank. Home loan market awaits the RBNZ's signals next Wednesday
1st Oct 21, 10:38am
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Heartland Bank raises all its home loan interest rates but still retains the claim to the lowest rates available from any bank. Home loan market awaits the RBNZ's signals next Wednesday
ANZ moves to raise rates back up to levels first adopted by rival ASB, taking some longer term rates back closer to 5%
28th Sep 21, 6:40pm
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ANZ moves to raise rates back up to levels first adopted by rival ASB, taking some longer term rates back closer to 5%
Rising wholesale money costs are pressing banks to raise rates, but the pace of the rises vary among institutions. That means exploitable advantages are available for borrowers who need to fix now
28th Sep 21, 1:30pm
1
Rising wholesale money costs are pressing banks to raise rates, but the pace of the rises vary among institutions. That means exploitable advantages are available for borrowers who need to fix now
The Reserve Bank is widely expected to raise the Official Cash Rate to 0.5% from the current 0.25% next week
27th Sep 21, 2:52pm
11
The Reserve Bank is widely expected to raise the Official Cash Rate to 0.5% from the current 0.25% next week
Some 37% of first home buyers bought with a low equity loan in August
The latest lockdown has not been kind to first home buyers
Latest KPMG Financial Institutions Performance Survey shows the second highest number of first home buyers ever in the June quarter - but with fewer borrowing on high LVRs
23rd Sep 21, 8:44am
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Latest KPMG Financial Institutions Performance Survey shows the second highest number of first home buyers ever in the June quarter - but with fewer borrowing on high LVRs
David Hargreaves says the likely ongoing presence of Covid in the community poses further questions for our central bank as it looks to 'normalise' interest rates
21st Sep 21, 2:16pm
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David Hargreaves says the likely ongoing presence of Covid in the community poses further questions for our central bank as it looks to 'normalise' interest rates
ASB sets a new tone in the mortgage market with 30 basis points rate hikes for the most popular fixed home loan terms, takes 18 month and two year rates above 3%. Westpac has matched them
16th Sep 21, 9:30am
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ASB sets a new tone in the mortgage market with 30 basis points rate hikes for the most popular fixed home loan terms, takes 18 month and two year rates above 3%. Westpac has matched them
Are we about to go back to the future fast with as much as a sudden 100 basis points rise in fixed mortgage rate offers? The wholesale cost of money suggests that is a live possibility
15th Sep 21, 6:51pm
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Are we about to go back to the future fast with as much as a sudden 100 basis points rise in fixed mortgage rate offers? The wholesale cost of money suggests that is a live possibility
Hobbled by the pandemic and rising rates, banks respond to the Spring real estate selling season with restrained rises rather than outright rate cuts
13th Sep 21, 8:58am
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Hobbled by the pandemic and rising rates, banks respond to the Spring real estate selling season with restrained rises rather than outright rate cuts
The RBNZ appears to have run out of live ammo to tackle the housing market right now. But David Hargreaves argues that with the housing market, it is the years ahead we need to be worrying about
8th Sep 21, 2:13pm
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The RBNZ appears to have run out of live ammo to tackle the housing market right now. But David Hargreaves argues that with the housing market, it is the years ahead we need to be worrying about