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Thursday, May 01st 2025
Further interest rate falls not on the cards
ANZ economists say the bulk of mortgage interest rates falls has likely ended, barring any major surprises.
News > News
Thursday, May 01st 2025
ANZ economists say the bulk of mortgage interest rates falls has likely ended, barring any major surprises.
Wednesday, April 30th 2025
Borrowers signed up for $8.5 billion in new mortgages last month – up 45.2% from $5.8 billion in February and up 40.7% from $6.035 billion March last year, the latest Reserve Bank data show.
Tuesday, April 29th 2025
Mortgage brokers say they are hearing from many first-home buyers wondering what to do about the slump in their KiwiSaver balances caused by US President Donald Trump's tariff war.
Monday, April 28th 2025
Mortgage demand has increased over the past six months for the first time since 2021.
Tuesday, April 22nd 2025
Westpac is sticking to its forecast of a 3.25% OCR bottom.
Thursday, April 17th 2025
ANZ is adding two more OCR cuts to its economic forecast after next month’s expected drop to 3.25%.
Wednesday, April 16th 2025
Despite a recession, the number and value of home loans were up by 21% in the second half of last year, compared to the first half.
Tuesday, April 15th 2025
Although carded one- and two-year fixed mortgage rates are now about 200 basis points (bp) below last year’s high the vast majority of lower mortgage rates have yet to flow though.
Monday, April 14th 2025
Lobby group the Banking Reform Coalition wants the FMA to use its powers under the new Conduct of Financial Institutions (CoFI) regime to get tough on banks not passing on OCR cuts in mortgage rates immediately.
Saturday, April 12th 2025
A mortgage adviser who allegedly submitted a false gifting certificate for a client’s home loan application has been charged by the FMA with dishonestly using a document.
Friday, April 11th 2025
Kiwibank says the economic environment simply demands more interest rate relief.
Thursday, April 10th 2025
Newly minted HomeSec New Zealand manager Ziggy Munz is confident residential mortgage advisers will be able to add another arrow to their lending bow after an education programme he is planning.
Wednesday, April 09th 2025
Banks began announcing cuts to their mortgage rates immediately after the Reserve Bank cut its official cash rate (OCR) to 3.5% from 3.75%, as most economists and market pricing had predicted.
Wednesday, April 09th 2025
The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 25 basis points to 3.5 percent.
Wednesday, April 09th 2025
With the Conduct of Financial Institutions (CoFI) legislation having kicked in from March 31, one of the things that the Financial Markets Authority (FMA) will be focusing on will be how quickly banks pass on changes in the official cash rate (OCR) to borrowers.
Tuesday, April 08th 2025
Two-year fixed mortgage rates are starting to slowly eat into the share of total lending by banks.
Monday, April 07th 2025
Westpac is going boldly where no other economists have gone. It says dropping the OCR on Wednesday is likely the wrong thing to do.
Thursday, April 03rd 2025
The Commerce Commission says its proposal that advisers have to submit three offers to clients has been "lost in translation".
Thursday, April 03rd 2025
As the country crawls out of recession, mortgage arrears have dropped slightly.
Tuesday, April 01st 2025
After a “constructive meeting” with new Commerce and Consumers Affairs Minister Scott Simpson, FAMNZ country manager Leigh Hodgetts says he seems to understand the Commerce Commission’s insistence on mortgage advisers presenting three completed offers to borrowers will create chaos.
Tuesday, April 01st 2025
The Reserve Bank has bowed to pressure from the Commerce Commission, the banks and submitters to parliament’s banking inquiry and will conduct a review of its bank capital requirements.
| SBS FirstHome Combo | 4.39 |
| Unity First Home Buyer special | 4.69 |
| Co-operative Bank - First Home Special | 4.89 |
| TSB Special | 4.99 |
| ANZ Special | 4.99 |
| ASB Bank | 4.99 |
| Kiwibank Special | 4.99 |
| Westpac Special | 4.99 |
| AIA - Go Home Loans | 4.99 |
| ICBC | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| Nelson Building Society | 4.97 |
| Kainga Ora | 4.99 |
| ICBC | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| Wairarapa Building Society | 4.99 |
| Unity | 4.99 |
| TSB Special | 4.99 |
| ANZ Special | 4.99 |
| ASB Bank | 4.99 |
| Westpac Special | 4.99 |
| AIA - Go Home Loans | 4.99 |
| Westpac Special | 5.39 |
| ICBC | 5.49 |
| BNZ - Classic | 5.59 |
| Co-operative Bank - Owner Occ | 5.69 |
| ASB Bank | 5.69 |
| SBS Bank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| BNZ - Std | 5.79 |
| Kainga Ora | 5.79 |
| TSB Special | 5.89 |
| Kiwibank Special | 5.89 |
| SBS FirstHome Combo | 4.19 |
| AIA - Back My Build | 4.44 |
| CFML 321 Loans | 5.25 |
| Co-operative Bank - Standard | 6.20 |
| Co-operative Bank - Owner Occ | 6.20 |
| Heartland Bank - Online | 6.25 |
| Kiwibank Special | 6.50 |
| Kiwibank - Offset | 6.50 |
| Kiwibank | 6.50 |
| Unity | 6.64 |
| TSB Special | 6.64 |
