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MortgagesEconomist pushes out dates for next OCR hikesOne economist has pushed out the date for the Reserve Bank’s next official cash rate hike citing recent downgrades to its forecasts for global GDP growth, including in Australia and New Zealand. More... After months of borrowing advice saying floating rates are the way to go, there has been a change of tune from BNZ economist Tony Alexander. He now says the time may have come to fix rates at one or two-years. More... Interest rates forecast to stay low Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% today, as expected, and reiterated his view that the rates will stay low until the end of next year. More... Turning rate thinking on its head All the recent thinking and commentary on what to do with your home loan may be turned on its head after next week’s official cash rate announcement from the Reserve Bank. More... Falls and rises in home loan rates Next week’s official cash rate announcement from the Reserve Bank is expected to bring more good news to borrowers. More... Home loan report: Cheap not always the easy option Home loan rates are falling sharply as lenders follow the lead set by the Reserve Bank’s reductions in the official cash rate. But cheap does not necessarily mean easy. More... It is a great time to be a borrower with plenty of equity stored up in a property. If you timed your last decision about a mortgage right, which means that you will have borrowing due for renewal this year, you can expect to be able to choose from some record low rates. More... Home-building approvals fall to record low New Zealand home-building approvals fell to a record low last month in a sign that sliding borrowing costs haven’t yet revived demand in an economy buffeted by its first recession in a decade. More... Home loan report: Keeping eyes open Lenders have been furiously cutting mortgage rates over the past week as they anticipate a big cut in the official cash rate (OCR) next week. More... Decisions looming for borrowers For nearly a month home loan rates have stayed reasonably static with few changes to report – however that is likely to change very soon. More... BNZ takes rate war to six-month term Competition in the home loan market has shifted back to the fixed rate terms with the Bank of New Zealand making major cuts to its fixed rates. More... The Reserve Bank today reduced the Official Cash Rate (OCR) from 7.5% to 6.5%. More... Kiwibank cuts two-year rate below 8% Kiwibank has upped the ante in the home loan market dropping its two-year rate in anticipation that another official cash rate cut is coming. More... Tweaking of mortgage rates continues Lenders are continuing to tweak their rates downwards as they react to the cut last month in New Zealand’s official rate of interest and look forward to further falls. More... CBS comfortably riding out recession CBS Canterbury, the NZAX-listed building society, says it is well placed in "the resilient Canterbury regional economy" to ride through New Zealand's economic recession with its market position enhanced. More... |
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