mortgage serviceability

ANZ, Westpac, BNZ, ASB and Kiwibank increase floating home loan rates, some savings rates rise too, after Reserve Bank lifts OCR

ANZ, Westpac, BNZ, ASB and Kiwibank increase floating home loan rates, some savings rates rise too, after Reserve Bank lifts OCR

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Co-operative Bank first to cut floating mortgage rate following RBNZ's OCR cut with a 31 bps reduction to 4.99%. Westpac, ANZ & ASB cut 20 bps, Kiwibank & BNZ by only 15 bps

Co-operative Bank first to cut floating mortgage rate following RBNZ's OCR cut with a 31 bps reduction to 4.99%. Westpac, ANZ & ASB cut 20 bps, Kiwibank & BNZ by only 15 bps

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

BNZ jumped the gun with a -25 bps floating rate cut, ANZ, ASB only cut -20 bps, and now Westpac only passes on -15 bps of the OCR cut, as does Kiwibank

BNZ jumped the gun with a -25 bps floating rate cut, ANZ, ASB only cut -20 bps, and now Westpac only passes on -15 bps of the OCR cut, as does Kiwibank

The Co-operative Bank announces floating rate cut from its already market-leading low, to under 6%. The change is immediate for new customers, but in two weeks for existing ones

The Co-operative Bank announces floating rate cut from its already market-leading low, to under 6%. The change is immediate for new customers, but in two weeks for existing ones

BNZ books impairment write-back due to confidence in economy despite seeing business customers postponing investment

BNZ books impairment write-back due to confidence in economy despite seeing business customers postponing investment

SBS Bank joins other banks in cutting its mortgage serviceability test rate

SBS Bank joins other banks in cutting its mortgage serviceability test rate

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

ANZ NZ cuts mortgage test rate by 15 basis points ahead of next week's Reserve Bank OCR review

ANZ NZ cuts mortgage test rate by 15 basis points ahead of next week's Reserve Bank OCR review

Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power

Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time