home loans
Kiwibank increases six-month & one-year mortgage rates, plus term deposit rates, other banks expected to follow
30th May 22, 10:36am
107
Kiwibank increases six-month & one-year mortgage rates, plus term deposit rates, other banks expected to follow
TSB follows up a cut to its one year home loan rate with a new cut to its two year rate
19th May 22, 9:32am
4
TSB follows up a cut to its one year home loan rate with a new cut to its two year rate
TSB surprises the home loan market cutting its one-year fixed rate 'special' as term deposit rates continue to trend up
13th May 22, 9:33am
5
TSB surprises the home loan market cutting its one-year fixed rate 'special' as term deposit rates continue to trend up
BNZ the latest bank to increase the interest rate it uses to stress test mortgage applicants' ability to service their loans
12th May 22, 10:35am
13
BNZ the latest bank to increase the interest rate it uses to stress test mortgage applicants' ability to service their loans
Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt
11th May 22, 5:00am
10
Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt
CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly
6th May 22, 10:35am
9
CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly
ANZ New Zealand lifts its Servicing Sensitivity Rate, which it uses to stress test mortgage applicants, by 45 basis points
2nd May 22, 10:53am
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ANZ New Zealand lifts its Servicing Sensitivity Rate, which it uses to stress test mortgage applicants, by 45 basis points
[updated]
Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand
28th Apr 22, 8:26am
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Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
26th Apr 22, 4:32pm
18
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
[updated]
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
22nd Apr 22, 9:19am
92
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps
21st Apr 22, 9:14am
27
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps
[updated]
BNZ joins ANZ pushing fixed home loan rates higher as the relentless rise in wholesale rates compresses bank margins faster than some of them are responding. Westpac raises rates too but by less
20th Apr 22, 8:57am
81
BNZ joins ANZ pushing fixed home loan rates higher as the relentless rise in wholesale rates compresses bank margins faster than some of them are responding. Westpac raises rates too but by less
ANZ raises its fixed home loan rates sharply, after passing on the full +50 bps rise in their floating rate. Their fixed rates rose between +20 bps and +40 bps too. Their rivals are sure to follow soon
13th Apr 22, 5:48pm
13
ANZ raises its fixed home loan rates sharply, after passing on the full +50 bps rise in their floating rate. Their fixed rates rose between +20 bps and +40 bps too. Their rivals are sure to follow soon
Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still
7th Apr 22, 4:47pm
42
Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still
Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon
5th Apr 22, 9:06am
18
Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon
Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too
4th Apr 22, 9:45am
116
Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too
ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing
1st Apr 22, 9:17am
62
ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing
With wholesale swap rates at seven year highs, home loan rates push on up higher with ANZ the latest to raise fixed rates up to the next level
28th Mar 22, 5:54pm
106
With wholesale swap rates at seven year highs, home loan rates push on up higher with ANZ the latest to raise fixed rates up to the next level
ASB ending its low interest lending campaign to borrowers who are building new houses
18th Mar 22, 11:00am
ASB ending its low interest lending campaign to borrowers who are building new houses
Two more major mortgage lenders raise rates, but take different approaches. BNZ matches ANZ, but ASB goes further with some sharp extra hikes
17th Mar 22, 8:40am
82
Two more major mortgage lenders raise rates, but take different approaches. BNZ matches ANZ, but ASB goes further with some sharp extra hikes
As bond and swap rates rise inexorably, only Kiwibank has moved to match ANZ with higher mortgage rates so far. But the margin pressure on the other majors is building fast
15th Mar 22, 8:53am
42
As bond and swap rates rise inexorably, only Kiwibank has moved to match ANZ with higher mortgage rates so far. But the margin pressure on the other majors is building fast
NZ Bankers' Association argues there'd be 'real risk of adverse customer impact' if the RBNZ introduces a debt-to-income ratio cap for home loan borrowers
11th Mar 22, 12:23pm
31
NZ Bankers' Association argues there'd be 'real risk of adverse customer impact' if the RBNZ introduces a debt-to-income ratio cap for home loan borrowers
ANZ kicks off next round of mortgage rate hikes with some mid-range increases
Non-bank lenders growing their slice of new housing lending as headwinds strengthen against banks
4th Mar 22, 9:28am
Non-bank lenders growing their slice of new housing lending as headwinds strengthen against banks
Westpac is the next major to raise fixed mortgage rates, taking them to mid-pack. They also raised most term deposit rates by about the same amount. But wholesale echoes grow louder from eastern Europe
1st Mar 22, 5:00pm
Westpac is the next major to raise fixed mortgage rates, taking them to mid-pack. They also raised most term deposit rates by about the same amount. But wholesale echoes grow louder from eastern Europe