Mortgages
Latest Reserve Bank figures show fixed mortgage rates are in, with two year rates surging in popularity, but three year rates falling out of vogue again
4th Sep 23, 3:50pm
11
Latest Reserve Bank figures show fixed mortgage rates are in, with two year rates surging in popularity, but three year rates falling out of vogue again
ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
4th Sep 23, 10:20am
27
ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
[updated]
Australian non-bank lender Pepper Money acquiring $1.4 bln NZ mortgage portfolio from HSBC
1st Sep 23, 12:10pm
28
Australian non-bank lender Pepper Money acquiring $1.4 bln NZ mortgage portfolio from HSBC
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
31st Aug 23, 4:12pm
31
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
29th Aug 23, 9:14am
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
The number of people choosing to 'top-up' their home mortgage is running at fewer than half the number of two years ago
28th Aug 23, 12:36pm
29
The number of people choosing to 'top-up' their home mortgage is running at fewer than half the number of two years ago
CEO Steve Jurkovich wants New Zealanders to be 'fired up enough' to move to Kiwibank if they want a more competitive banking market
26th Aug 23, 10:45am
26
CEO Steve Jurkovich wants New Zealanders to be 'fired up enough' to move to Kiwibank if they want a more competitive banking market
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
24th Aug 23, 5:13pm
51
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
Latest Reserve Bank figures show mortgage money advanced last month dipped below $5 billion - the lowest level for a July month since 2017
24th Aug 23, 3:48pm
26
Latest Reserve Bank figures show mortgage money advanced last month dipped below $5 billion - the lowest level for a July month since 2017
[updated]
Kiwibank June-year profit hits $175 mln as income surges, loan impairment losses more than double
24th Aug 23, 8:53am
34
Kiwibank June-year profit hits $175 mln as income surges, loan impairment losses more than double
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
70
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
Westpac New Zealand's non-performing loans rise in the June quarter
Home loans at least 90 days past due on the rise at New Zealand's biggest bank
21st Aug 23, 9:44am
Home loans at least 90 days past due on the rise at New Zealand's biggest bank
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
21st Aug 23, 9:02am
42
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
Pricing of NZ mortgage interest rates 'difficult to reconcile' and offers 'unsustainable returns', says CEO of ASB's Aussie parent bank CBA
20th Aug 23, 6:00am
68
Pricing of NZ mortgage interest rates 'difficult to reconcile' and offers 'unsustainable returns', says CEO of ASB's Aussie parent bank CBA
Reserve Bank changes its forecasts and now expects house prices to rise from the current quarter, with annual prices showing an increase by March next year
16th Aug 23, 3:50pm
65
Reserve Bank changes its forecasts and now expects house prices to rise from the current quarter, with annual prices showing an increase by March next year
Latest quarterly Reserve Bank figures show that the country's new first home buyer borrowers have just started to stretch themselves a little further again
16th Aug 23, 8:44am
25
Latest quarterly Reserve Bank figures show that the country's new first home buyer borrowers have just started to stretch themselves a little further again
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
14th Aug 23, 12:35pm
6
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
11th Aug 23, 10:41am
4
Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
10th Aug 23, 10:52am
37
Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
Past due & impaired loans on the rise at ASB as Aussie parent CBA highlights NZ mortgage impairments
ASB CEO Vittoria Shortt highlights 200 struggling mortgage borrowers as loan impairments & provisions rise
10th Aug 23, 10:09am
3
ASB CEO Vittoria Shortt highlights 200 struggling mortgage borrowers as loan impairments & provisions rise
[updated]
ASB June-year profit reaches $1.559 billion as net interest margin rises
Latest Reserve Bank figures show that while one-year fixed mortgage terms remain most popular for new mortgage borrowing, three year terms are surging in popularity
7th Aug 23, 3:52pm
23
Latest Reserve Bank figures show that while one-year fixed mortgage terms remain most popular for new mortgage borrowing, three year terms are surging in popularity
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
2nd Aug 23, 9:11am
28
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020
1st Aug 23, 1:44pm
20
Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020