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Mortgages

[updated]
ASB June year profit pushes towards $1.5 billion, CEO Vittoria Shortt says affordable lending principles working in rising interest rate environment
10th Aug 22, 10:48am
84
ASB June year profit pushes towards $1.5 billion, CEO Vittoria Shortt says affordable lending principles working in rising interest rate environment
[updated]
More banks lower home loan interest rates, some sharply, and one also raised its term deposit offers. Market share defence in a quiet housing market is squeezing banks hard
4th Aug 22, 9:24am
46
More banks lower home loan interest rates, some sharply, and one also raised its term deposit offers. Market share defence in a quiet housing market is squeezing banks hard
Now ANZ joins the mortgage rate cuts as wholesale rates continue their retreat. These reductions by NZ's largest home loan lender come just two weeks before another expected RBNZ rate hike, but global markets are the driving force
2nd Aug 22, 5:17pm
33
Now ANZ joins the mortgage rate cuts as wholesale rates continue their retreat. These reductions by NZ's largest home loan lender come just two weeks before another expected RBNZ rate hike, but global markets are the driving force
Commerce Minister David Clark relaxes CCCFA rules for assumptions on credit card and buy-now-pay-later debt
2nd Aug 22, 3:32pm
7
Commerce Minister David Clark relaxes CCCFA rules for assumptions on credit card and buy-now-pay-later debt
As borrowers shift their sights to longer fixed terms, Kiwibank trims its one year rate to a very competitive level. In the background swap rates rose, then fell sharply over the past week or so
1st Aug 22, 8:27am
32
As borrowers shift their sights to longer fixed terms, Kiwibank trims its one year rate to a very competitive level. In the background swap rates rose, then fell sharply over the past week or so
RBNZ figures show that fewer than 15,000 mortgages were issued last month - easily a record low for a June since the data began being collected in 2013
26th Jul 22, 3:43pm
27
RBNZ figures show that fewer than 15,000 mortgages were issued last month - easily a record low for a June since the data began being collected in 2013
Statistics New Zealand says the highest spending households are more affected by the rising mortgage rates
26th Jul 22, 11:26am
30
Statistics New Zealand says the highest spending households are more affected by the rising mortgage rates
BNZ economists see unemployment rate falling further and say unless there are soon signs 'the worm is turning' the RBNZ will have to contemplate 'a more aggressive interest rate track'
25th Jul 22, 3:07pm
39
BNZ economists see unemployment rate falling further and say unless there are soon signs 'the worm is turning' the RBNZ will have to contemplate 'a more aggressive interest rate track'
Capital Economics says several central banks around the globe will have to reverse course as their countries' economies either enter recession or teeter on the edge of it
25th Jul 22, 11:54am
76
Capital Economics says several central banks around the globe will have to reverse course as their countries' economies either enter recession or teeter on the edge of it
Squirrel Mortgages boosting Wellington presence through acquisition of The Home Loan Shop, as it also unveils referral relationship with financial advisor enable.me & seeks capital
21st Jul 22, 7:57am
10
Squirrel Mortgages boosting Wellington presence through acquisition of The Home Loan Shop, as it also unveils referral relationship with financial advisor enable.me & seeks capital
ASB the last main bank to follow ANZ down with a cut to its 2yr fixed home loan rate offer, cuts 1yr rate too. Challenger banks make changes as well, leaving TSB with the most competitive full rate card
8th Jul 22, 9:31am
27
ASB the last main bank to follow ANZ down with a cut to its 2yr fixed home loan rate offer, cuts 1yr rate too. Challenger banks make changes as well, leaving TSB with the most competitive full rate card
The latest research series from the RBNZ highlights just how urgent it is that we avoid the toxic combination of fast rising population, masses of cheap debt and constrained housing supply in future, David Hargreaves says
6th Jul 22, 8:21am
194
The latest research series from the RBNZ highlights just how urgent it is that we avoid the toxic combination of fast rising population, masses of cheap debt and constrained housing supply in future, David Hargreaves says
[updated]
Volatile wholesale interest rates have induced ANZ to cut its key 2 year home loan rate, now well below its main rivals, but not quite back to where where it was at the end of May. Westpac and BNZ follow, BNZ goes lower
5th Jul 22, 9:28am
18
Volatile wholesale interest rates have induced ANZ to cut its key 2 year home loan rate, now well below its main rivals, but not quite back to where where it was at the end of May. Westpac and BNZ follow, BNZ goes lower
[updated]
Banks competing for mortgage borrowers via cashback offers, BNZ talks up its offer
4th Jul 22, 4:13pm
16
Banks competing for mortgage borrowers via cashback offers, BNZ talks up its offer
RBNZ research and modelling shows that actual housing allocations in New Zealand household balance sheets could have been even higher than already-large present levels
4th Jul 22, 1:18pm
78
RBNZ research and modelling shows that actual housing allocations in New Zealand household balance sheets could have been even higher than already-large present levels
ANZ launches 'Good Energy Home Loan' allowing home owners to top up an extra $80,000 for a range of energy saving projects - including buying an EV - at a 1% pa rate for 3 years
4th Jul 22, 10:01am
38
ANZ launches 'Good Energy Home Loan' allowing home owners to top up an extra $80,000 for a range of energy saving projects - including buying an EV - at a 1% pa rate for 3 years
Mortgage broker John Bolton explains why he thinks mortgage rates are peaking, what's going on in the housing market, and what this means for the broader economy
2nd Jul 22, 9:40am
124
Mortgage broker John Bolton explains why he thinks mortgage rates are peaking, what's going on in the housing market, and what this means for the broader economy
RBNZ research shows higher population growth & larger drops in mortgage rates in NZ than most comparable countries, and the biggest rise in house prices
1st Jul 22, 8:03am
85
RBNZ research shows higher population growth & larger drops in mortgage rates in NZ than most comparable countries, and the biggest rise in house prices
RBNZ chief economist Paul Conway says there are reasons to think that some of the core market fundamentals that determine sustainable house prices may also be changing
30th Jun 22, 12:04pm
86
RBNZ chief economist Paul Conway says there are reasons to think that some of the core market fundamentals that determine sustainable house prices may also be changing
It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%
30th Jun 22, 8:15am
151
It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%
Following the moves of ASB and ANZ to halt high LVR lending, Westpac now says it won't be offering pre-approvals for those with low deposits
29th Jun 22, 3:08pm
28
Following the moves of ASB and ANZ to halt high LVR lending, Westpac now says it won't be offering pre-approvals for those with low deposits
Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month
28th Jun 22, 3:28pm
7
Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month
[updated]
Two of the country's largest banks have now closed their doors for the moment to low deposit mortgage customers
28th Jun 22, 1:13pm
45
Two of the country's largest banks have now closed their doors for the moment to low deposit mortgage customers
ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'
27th Jun 22, 2:34pm
61
ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'
Country's largest bank turns off the tap on mortgage lending to those with deposits under 20% again
27th Jun 22, 1:45pm
67
Country's largest bank turns off the tap on mortgage lending to those with deposits under 20% again