Mortgages
David Hargreaves has a look at how mortgage rate reductions have been tracking and tries to assess how much more is needed in order to get the economy back on track
18th May 25, 6:31am
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David Hargreaves has a look at how mortgage rate reductions have been tracking and tries to assess how much more is needed in order to get the economy back on track
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
14th May 25, 2:43pm
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
ICBC cuts both its 6 month and 1 year fixed home loan rates, setting them well below everyone else in a way that is sure to grab attention and add a competitive bite to the mortgage market
13th May 25, 8:48am
ICBC cuts both its 6 month and 1 year fixed home loan rates, setting them well below everyone else in a way that is sure to grab attention and add a competitive bite to the mortgage market
David Hargreaves has a crunch of the first-quarter mortgage figures, which show business is getting busier whether we talk about amounts borrowed or the numbers of mortgages taken out
11th May 25, 6:30am
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David Hargreaves has a crunch of the first-quarter mortgage figures, which show business is getting busier whether we talk about amounts borrowed or the numbers of mortgages taken out
Latest monthly RBNZ figures show that in March one and two-year fixed mortgage terms were very much back in vogue, while far fewer customers went for floating terms
8th May 25, 3:40pm
Latest monthly RBNZ figures show that in March one and two-year fixed mortgage terms were very much back in vogue, while far fewer customers went for floating terms
[updated]
ANZ NZ posts 23% jump in half-year profit, CEO Antonia Watson sees both green shoots and challenges. Almost 40% of home loan borrowers ahead on payments by at least 6 months
8th May 25, 9:57am
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ANZ NZ posts 23% jump in half-year profit, CEO Antonia Watson sees both green shoots and challenges. Almost 40% of home loan borrowers ahead on payments by at least 6 months
BNZ chief economist Mike Jones says the majority of positive cash flow from falling mortgage rates is yet to filter through, but will do so over the coming 6-12 months; cautions again on 'going short'
8th May 25, 8:28am
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BNZ chief economist Mike Jones says the majority of positive cash flow from falling mortgage rates is yet to filter through, but will do so over the coming 6-12 months; cautions again on 'going short'
[updated]
BNZ posts 4% rise in interim profit as it writes back loan impairments
7th May 25, 10:31am
BNZ posts 4% rise in interim profit as it writes back loan impairments
[updated]
Westpac NZ ekes out half-year profit rise, with CEO saying it's 'competing hard to grow'
5th May 25, 10:13am
Westpac NZ ekes out half-year profit rise, with CEO saying it's 'competing hard to grow'
New mortgage rate cuts from Kiwibank show the most likely market reductions in May may come in the longer fixed terms
5th May 25, 10:05am
New mortgage rate cuts from Kiwibank show the most likely market reductions in May may come in the longer fixed terms
Latest RBNZ figures show the pile of troubled mortgages grew by 11.5% in the first quarter of this year; meanwhile the pile of mortgages held by investors had its biggest rise in March for nearly four years
1st May 25, 10:26am
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Latest RBNZ figures show the pile of troubled mortgages grew by 11.5% in the first quarter of this year; meanwhile the pile of mortgages held by investors had its biggest rise in March for nearly four years
Latest Reserve Bank figures show people switching loan providers helped drive mortgage figures in March to levels last seen in 2021
30th Apr 25, 10:37am
Latest Reserve Bank figures show people switching loan providers helped drive mortgage figures in March to levels last seen in 2021
Reserve Bank's latest credit conditions survey shows while mortgage demand has increased, poor economic conditions and higher unemployment rates are likely to remain headwinds
27th Apr 25, 6:30am
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Reserve Bank's latest credit conditions survey shows while mortgage demand has increased, poor economic conditions and higher unemployment rates are likely to remain headwinds
[updated]
Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term
16th Apr 25, 9:50am
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Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term
New Zealand Banking Association says a large proportion of mortgage holders are 'reaping the benefits' of paying down their loan faster
16th Apr 25, 8:41am
New Zealand Banking Association says a large proportion of mortgage holders are 'reaping the benefits' of paying down their loan faster