mortgage interest rates

NZ likely to see a slower recovery, affecting job growth and debt servicing, but banks and farmers well placed to manage economic shock as housing market remains soft, according to Reserve Bank's latest Financial Stability Report

NZ likely to see a slower recovery, affecting job growth and debt servicing, but banks and farmers well placed to manage economic shock as housing market remains soft, according to Reserve Bank's latest Financial Stability Report

First home buyers being hit by rising mortgage rates and higher prices at the bottom of the housing market

First home buyers being hit by rising mortgage rates and higher prices at the bottom of the housing market

'The implications for housing demand are clearly negative,' BNZ chief economist says

'The implications for housing demand are clearly negative,' BNZ chief economist says

ANZ's latest Property Focus report forecasts 2% drop in house prices this year, warns of potential for further increases in mortgage rates

ANZ's latest Property Focus report forecasts 2% drop in house prices this year, warns of potential for further increases in mortgage rates

The Reserve Bank's latest Financial Stability Report says fewer borrowers are now falling behind on debt repayments, while borrowers who had previously been in default are finding ways to 'mitigate stress'

The Reserve Bank's latest Financial Stability Report says fewer borrowers are now falling behind on debt repayments, while borrowers who had previously been in default are finding ways to 'mitigate stress'

Housing now the most affordable it has been for first home buyers in more than four years

Housing now the most affordable it has been for first home buyers in more than four years

ANZ's economists are picking shorter term interest rates to go lower but warn the easing cycle won't last forever

ANZ's economists are picking shorter term interest rates to go lower but warn the easing cycle won't last forever

Banks with strong or rising home loan market share have a common trait - they prioritise broker channels. But because that is costly, they can no longer offer lower interest rates to borrowers

Banks with strong or rising home loan market share have a common trait - they prioritise broker channels. But because that is costly, they can no longer offer lower interest rates to borrowers

ANZ economists expect the OCR to be cut to 2.5% by the end of the year but point to it going back up at some stage

ANZ economists expect the OCR to be cut to 2.5% by the end of the year but point to it going back up at some stage

The housing market is not its usual self as it prepares for the onset of winter

The housing market is not its usual self as it prepares for the onset of winter

A turnaround in home loan affordability for first home buyers has happened quite quickly

A turnaround in home loan affordability for first home buyers has happened quite quickly

The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'

The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'

First home buyers are benefiting from a combination of declining house prices and falling interest rates

First home buyers are benefiting from a combination of declining house prices and falling interest rates

Cuts to mortgage interest rates may not be enough to turn around the housing market over spring

Cuts to mortgage interest rates may not be enough to turn around the housing market over spring

Improving affordability for first home buyers could mark a turning point in the housing market

Improving affordability for first home buyers could mark a turning point in the housing market