Mortgages
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
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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
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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
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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
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Country's largest bank turns off the tap on mortgage lending to those with deposits under 20% again
[updated]
Home loan interest rates are ratched up by two more banks, although there are signs wholesale funding costs have stopped rising
27th Jun 22, 10:08am
18
Home loan interest rates are ratched up by two more banks, although there are signs wholesale funding costs have stopped rising
ASB uses the cover provided by ANZ to raise both its home loan and term deposit rates. All eyes are now on Kiwibank's upcoming rate adjustments - and on the turn in wholesale markets
23rd Jun 22, 10:38am
67
ASB uses the cover provided by ANZ to raise both its home loan and term deposit rates. All eyes are now on Kiwibank's upcoming rate adjustments - and on the turn in wholesale markets
[updated]
BNZ is the next to move their mortgage rate card up sharply, maintaining a small discount to ANZ for the key 2-year fixed offer. BNZ also raised their term deposit rates
22nd Jun 22, 8:55am
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BNZ is the next to move their mortgage rate card up sharply, maintaining a small discount to ANZ for the key 2-year fixed offer. BNZ also raised their term deposit rates
As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective
21st Jun 22, 1:33pm
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As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective
The largest mortgage lender pushes through new chunky increases, raising rates to new recent highs. At the same time ANZ raises term deposit rates substantially
20th Jun 22, 5:12pm
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The largest mortgage lender pushes through new chunky increases, raising rates to new recent highs. At the same time ANZ raises term deposit rates substantially
ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July
20th Jun 22, 12:13pm
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ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July
[updated]
Challenger banks raising home loan rates substantially, pressured by market conditions that raise risks to their mortgage business. These new conditions will test the 'benefit' of high customer satisfaction levels
20th Jun 22, 10:22am
6
Challenger banks raising home loan rates substantially, pressured by market conditions that raise risks to their mortgage business. These new conditions will test the 'benefit' of high customer satisfaction levels
Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US
14th Jun 22, 2:12pm
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Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US
[updated]
Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%
14th Jun 22, 11:25am
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Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%
BNZ raises most of its fixed home loan rates, but rather surprisingly trims its 2-year offer to match Kiwibank and Westpac. It also raised TD rates. HSBC also raised all its fixed mortgage rates
14th Jun 22, 9:15am
13
BNZ raises most of its fixed home loan rates, but rather surprisingly trims its 2-year offer to match Kiwibank and Westpac. It also raised TD rates. HSBC also raised all its fixed mortgage rates
Although home loan rates for a one year term are settling around a tight level, competitive pressures are opening up variances for longer fixed terms, and for cash incentives
10th Jun 22, 9:50am
23
Although home loan rates for a one year term are settling around a tight level, competitive pressures are opening up variances for longer fixed terms, and for cash incentives
Kiwibank is offering a new outsized incentive for home loan borrowers who want to go big, with up to $10,000 on offer for a million dollar mortgage
8th Jun 22, 5:22pm
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Kiwibank is offering a new outsized incentive for home loan borrowers who want to go big, with up to $10,000 on offer for a million dollar mortgage
ANZ raises their fixed home loan rates to the highest in the current mortgage market, underpinned by rising policy rates that are raising wholesale rates
7th Jun 22, 5:22pm
51
ANZ raises their fixed home loan rates to the highest in the current mortgage market, underpinned by rising policy rates that are raising wholesale rates
Heartland Bank makes a surprising floating rate cut to 3.75%, the only sub-4% rate left in the mortgage market. But fixed rates are rising and this is the first time since 2018 that there are now no fixed rates below 4%
3rd Jun 22, 10:05am
9
Heartland Bank makes a surprising floating rate cut to 3.75%, the only sub-4% rate left in the mortgage market. But fixed rates are rising and this is the first time since 2018 that there are now no fixed rates below 4%
David Hargreaves looks at curious developments in the way the paths of potential interest rate rises are crossing the paths of potential inflation - and causing very real mortgage pain
3rd Jun 22, 8:30am
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David Hargreaves looks at curious developments in the way the paths of potential interest rate rises are crossing the paths of potential inflation - and causing very real mortgage pain
ANZ's big profit, BNZ's super low cost to income ratio, and milestones for ANZ & ASB's mortgage books features of the big five banks' March quarter
1st Jun 22, 9:18am
1
ANZ's big profit, BNZ's super low cost to income ratio, and milestones for ANZ & ASB's mortgage books features of the big five banks' March quarter
Latest RBNZ lending figures show business borrowing growth is rising as housing borrowing growth is slowing
31st May 22, 3:31pm
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Latest RBNZ lending figures show business borrowing growth is rising as housing borrowing growth is slowing