Mortgages

Mortgage servicing rate cuts

Several banks have cut their servicing rates recently, with more expected to follow, and advisers believe such changes will mean more for borrowers than low rates do.

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Are property investors returning to the market?

Property investors are said to be returning to the housing market, CoreLogic says but, if they are, it’s not evident in the Reserve Bank’s latest mortgage lending data.

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Low rates boost NZ’s housing affordability

Declining house prices and low interest rates have improved housing affordability across New Zealand over the first half of 2019, a new report from Moody’s Investors Service shows.

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DTIs still on the Reserve Bank’s radar

Almost half of Auckland first home buyers have mortgages that are over five times their annual income – and that makes debt-to-income (DTI) ratios a hot topic again.

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Advisers call for servicing test rethink for borrowers

Advisers believe banks should adapt their servicing tests for borrowers after the Official Cash Rate plunged to 1%.

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OCR cut could prompt housing market upturn

The Reserve Bank’s decision to slash the Official Cash Rate (OCR) by 0.5% to a historic low of 1.0% has shocked the financial community, but what could it mean for the housing market?

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OCR decision revealed

The Reserve Bank of New Zealand has cut the Official Cash Rate to a new record low of 1%. Here's why:

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Investor lending flat in June

Property Investors borrowed $1.02 billion in June, according to new Reserve Bank data, down from $1.2 billion in June 2018.

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OCR below 1% increasingly likely: Kiwibank

The need for the Reserve Bank to cut the Official Cash Rate to 1% and below looks "increasingly likely" according to economists at Kiwibank.

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LVR rules could be permanent

LVR restrictions on mortgage lending could be a "permanent setting", according to Reserve Bank deputy governor Geoff Bascand.

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The takeover: more mortgages for FHBs

First home buyers have now taken over from investors in the mortgage lending stakes, new Reserve Bank data reveals.

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10 market predictions for the rest of 2019

It’s been an eventful year for the residential property market so far but now’s a good time to look at what might be in store for the rest of 2019, declares Core Logic senior property economist Kelvin Davidson.

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OCR decision revealed

The Reserve Bank has kept the Official Cash Rate on hold at the record low of 1.5%. Here's why.

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It’s not just about mortgage rates

Historically low mortgage rates might boost the housing market but they are not the only factor at play in the market, according to ASB economists.

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Economists predict new record low for OCR

Economists at one of New Zealand's major banks believe lending rates could get even cheaper by the end of the year.

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