Mortgages
[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
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
31st Jul 23, 3:59pm
31
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
27th Jul 23, 9:08am
31
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
26th Jul 23, 3:41pm
45
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
What does five year mortgage rates being lower than one and two year rates mean?
25th Jul 23, 11:15am
52
What does five year mortgage rates being lower than one and two year rates mean?
David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role
19th Jul 23, 5:00am
101
David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
11th Jul 23, 8:30am
31
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
10th Jul 23, 12:11pm
124
Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
6th Jul 23, 5:53pm
48
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
6th Jul 23, 3:53pm
15
A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
Latest Reserve Bank figures show non-performing housing loans rose nearly 12% in May, climbing to levels last seen around eight years ago
3rd Jul 23, 1:40pm
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Latest Reserve Bank figures show non-performing housing loans rose nearly 12% in May, climbing to levels last seen around eight years ago
[updated]
July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
3rd Jul 23, 10:25am
101
July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
David Hargreaves tries to put some context around why first home buyers are getting a record share of the mortgage market even as house prices have been falling
30th Jun 23, 9:22am
221
David Hargreaves tries to put some context around why first home buyers are getting a record share of the mortgage market even as house prices have been falling
Reserve Bank figures show no sign yet of any upturn in the mortgage market, with May recording a drop in the amount borrowed compared with the previous month on a seasonally adjusted basis
27th Jun 23, 3:39pm
50
Reserve Bank figures show no sign yet of any upturn in the mortgage market, with May recording a drop in the amount borrowed compared with the previous month on a seasonally adjusted basis
TSB chief Donna Cooper is departing from the role less than a week after the bank reported a 48% drop in profits
27th Jun 23, 9:09am
TSB chief Donna Cooper is departing from the role less than a week after the bank reported a 48% drop in profits
TSB's annual profit falls 48% with surge in expenses, including provisions, outweighing rising income
22nd Jun 23, 9:36am
4
TSB's annual profit falls 48% with surge in expenses, including provisions, outweighing rising income
Gareth Vaughan is encouraged to see 4 key issues featuring in the banking competition probe, but wary and sees an elephant in the room
21st Jun 23, 10:14am
27
Gareth Vaughan is encouraged to see 4 key issues featuring in the banking competition probe, but wary and sees an elephant in the room
[updated]
Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
20th Jun 23, 12:30pm
41
Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
19th Jun 23, 1:53pm
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Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
[updated]
There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
16th Jun 23, 5:00pm
18
There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
15th Jun 23, 10:13am
1
CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers
14th Jun 23, 1:27pm
2
As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers