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Mortgages

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
13
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
BNZ to restrict investors and owner-occupiers from getting mortgages worth more than six times their income; ASB already using debt-to-income restrictions
28th Oct 21, 3:30pm
114
BNZ to restrict investors and owner-occupiers from getting mortgages worth more than six times their income; ASB already using debt-to-income restrictions
ANZ NZ's annual profit pushes above $1.9 billion helped by strong housing lending and lower loan provisions; 70% of total lending now housing lending
28th Oct 21, 10:03am
50
ANZ NZ's annual profit pushes above $1.9 billion helped by strong housing lending and lower loan provisions; 70% of total lending now housing lending
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
21
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
Kiwibank economists say there's currently an 'imbalance' in the wholesale interest rate markets and they see more 'upside risk' for mortgage rates
26th Oct 21, 3:15pm
28
Kiwibank economists say there's currently an 'imbalance' in the wholesale interest rate markets and they see more 'upside risk' for mortgage rates
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
29
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
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
37
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
75
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
118
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
BNZ follows ANZ and raises its floating mortgage rate by less than the RBNZ OCR increase, completing adjustments from the main banks. But the challenger banks are all yet to follow
8th Oct 21, 10:46am
12
BNZ follows ANZ and raises its floating mortgage rate by less than the RBNZ OCR increase, completing adjustments from the main banks. But the challenger banks are all yet to follow
Westpac raises floating mortgage rates by 25bps and increases some savings rates too
7th Oct 21, 2:01pm
4
Westpac raises floating mortgage rates by 25bps and increases some savings rates too
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
23
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
Some banks move quickly to raise their floating mortgage rates now the RBNZ has hiked the OCR. Here is where each bank stands
6th Oct 21, 2:40pm
7
Some banks move quickly to raise their floating mortgage rates now the RBNZ has hiked the OCR. Here is where each bank stands
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
20
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
16
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
26
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
Fairness issues raised over Reserve Bank's decision to close the door on first-home buyers who don't have deposits of at least 20%
27th Sep 21, 5:26pm
35
Fairness issues raised over Reserve Bank's decision to close the door on first-home buyers who don't have deposits of at least 20%
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
ASB economists calculate that every one percentage point increase in mortgage interest rates would add $3.3 bln to NZ's household debt servicing costs
23rd Sep 21, 2:05pm
22
ASB economists calculate that every one percentage point increase in mortgage interest rates would add $3.3 bln to NZ's household debt servicing costs
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
52
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
46
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
31
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