Mortgages
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
26th Apr 22, 4:32pm
18
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
26th Apr 22, 1:56pm
6
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
[updated]
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
22nd Apr 22, 9:19am
92
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps
21st Apr 22, 9:14am
27
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps
David Hargreaves says we need to be keeping a close eye on what happens when households face - as they will - enormous increases in mortgage payments
20th Apr 22, 2:13pm
191
David Hargreaves says we need to be keeping a close eye on what happens when households face - as they will - enormous increases in mortgage payments
[updated]
BNZ joins ANZ pushing fixed home loan rates higher as the relentless rise in wholesale rates compresses bank margins faster than some of them are responding. Westpac raises rates too but by less
20th Apr 22, 8:57am
81
BNZ joins ANZ pushing fixed home loan rates higher as the relentless rise in wholesale rates compresses bank margins faster than some of them are responding. Westpac raises rates too but by less
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
19th Apr 22, 2:44pm
42
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting
19th Apr 22, 9:51am
205
RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting
ANZ raises its fixed home loan rates sharply, after passing on the full +50 bps rise in their floating rate. Their fixed rates rose between +20 bps and +40 bps too. Their rivals are sure to follow soon
13th Apr 22, 5:48pm
13
ANZ raises its fixed home loan rates sharply, after passing on the full +50 bps rise in their floating rate. Their fixed rates rose between +20 bps and +40 bps too. Their rivals are sure to follow soon
David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market
13th Apr 22, 2:12pm
25
David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market
Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March
13th Apr 22, 11:15am
45
Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March
Whilst loan volume growth will likely be lower, loans may prove stickier for banks as economic conditions toughen for borrowers, KPMG says
13th Apr 22, 9:30am
13
Whilst loan volume growth will likely be lower, loans may prove stickier for banks as economic conditions toughen for borrowers, KPMG says
Big Australasian banks' net interest margins set for a boost from Aussie cash rate increases, Citi says
12th Apr 22, 9:28am
Big Australasian banks' net interest margins set for a boost from Aussie cash rate increases, Citi says
ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
11th Apr 22, 2:21pm
107
ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
CCCFA changes 'narrow refinements to specific aspects of regulations, rather than wholesale changes'
MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive
8th Apr 22, 9:38am
MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive
Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still
7th Apr 22, 4:47pm
42
Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still
Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise
7th Apr 22, 5:00am
20
Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise
David Hargreaves examines two key speeches made this week that signal how bad inflation is getting - and why it will not be a short run thing
6th Apr 22, 11:52am
116
David Hargreaves examines two key speeches made this week that signal how bad inflation is getting - and why it will not be a short run thing
David Hargreaves frets about developments in China and can see little hope for inflationary pressures easing in the short term
5th Apr 22, 2:34pm
86
David Hargreaves frets about developments in China and can see little hope for inflationary pressures easing in the short term
Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon
5th Apr 22, 9:06am
18
Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon
ASB economists sticking with their pick of 25 basis point hikes at each of the next two RBNZ rate review, but concede the odds 'aren't much better than a coinflip at this point in proceedings'
4th Apr 22, 2:53pm
45
ASB economists sticking with their pick of 25 basis point hikes at each of the next two RBNZ rate review, but concede the odds 'aren't much better than a coinflip at this point in proceedings'
Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too
4th Apr 22, 9:45am
116
Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too
ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing
1st Apr 22, 9:17am
62
ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing
Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic
31st Mar 22, 4:00pm
15
Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic
With wholesale swap rates at seven year highs, home loan rates push on up higher with ANZ the latest to raise fixed rates up to the next level
28th Mar 22, 5:54pm
106
With wholesale swap rates at seven year highs, home loan rates push on up higher with ANZ the latest to raise fixed rates up to the next level