Wednesday, February 19th 2025
RBNZ cuts OCR by 50pb, signals further cuts sooner
As expected, the Reserve Bank cut its official cash rate (OCR) to 3.75% and signalled further cuts of up to 90 basis points this year but no cuts beyond that.
News > News
Wednesday, February 19th 2025
As expected, the Reserve Bank cut its official cash rate (OCR) to 3.75% and signalled further cuts of up to 90 basis points this year but no cuts beyond that.
Wednesday, February 19th 2025
Annual consumer price inflation remains near the midpoint of the Monetary Policy Committee’s 1 to 3 percent target band. Firms’ inflation expectations are at target and core inflation continues to fall towards the target midpoint.
Wednesday, February 19th 2025
In a significant development aimed at providing a more holistic approach to financial services, Edge Mortgages has joined Link Advisory, which is part of Link Financial Group.
Wednesday, February 19th 2025
Heartland Group says the quality of its reverse mortgage and livestock portfolios remain strong and its recently acquired Australian bank is unaffected even as it announces $49.6 million of impairments for the six months ended Dec 31.
Tuesday, February 18th 2025
The RBNZ’s latest survey of expectations will give it some solace ahead of its OCR decision on Wednesday.
Monday, February 17th 2025
Kiwibank is continuing to court the support of mortgage advisers by launching a fast pre-approval process for home loans that promises a decision within 48 hours, subject to qualifying criteria.
Friday, February 14th 2025
Consensus among the country’s main banks is the OCR will be cut to 3.75% on Wednesday but after that all eyes will be on the RBNZ’s Monetary Policy Statement outlining its forecast.
Thursday, February 13th 2025
The Commerce Commission is sticking to its recommendation that mortgage advisers should have to submit three “actual offers” to every mortgage applicant, the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) says.
Wednesday, February 12th 2025
ASB Bank looks to be making up for lost time in the mortgage market with its home loan book swelling by $2.28 billion in the six months ended Dec 31.
Wednesday, February 12th 2025
One of the possibilities of open banking includes the ability for borrowers to get pre-approval for a home loan in 10 minutes and to make instant low-cost payments.
Tuesday, February 11th 2025
A month is a long time in the home loan world.
Between November and December last year new mortgage lending switched swiftly from floating to six-month terms by borrowers taking out new loans.
Monday, February 10th 2025
Some financial advice providers are taking an overly conservative approach to meeting their regulatory obligations, the Financial Markets Authority (FMA) says.
Friday, February 07th 2025
The question hovering on mortgage advisers’ lips is when they should start pointing clients to longer fixed interest terms on their mortgages.
Tuesday, February 04th 2025
Mortgage arrears are increasing – up 7% year on year in December, the latest Centrix data show.
Tuesday, February 04th 2025
A surge in business for mortgage advisers in the first month of this year has come off the back of nearly 9,000 new property listings, the highest since January 2015.
Monday, February 03rd 2025
TSB Bank is calling for changes to bank capital rules and other regulatory changes to create a level playing field for the smaller banks so they can better compete against the big four Australian-owned banks.
Sunday, February 02nd 2025
The chair of parliament's finance and expenditure committee (FEC) changed last week without any formal announcement or explanation, casting doubt on whether the government's intentions to make meaningful changes to the banking sector.
Thursday, January 30th 2025
Nearly a quarter of all mortgages loaned in December went to borrowers switching banks – an increase of 94.8% over a year.
Thursday, January 30th 2025
Reserve Bank chief economist Paul Conway has added his voice to those warning that interest rates, and therefore mortgage rates, aren't likely to return to pre-covid levels.
Wednesday, January 29th 2025
Borrowers will save on average between $300 and $460 a month on their mortgage repayments when the OCR drops to 3.25% by the middle of the year.
Tuesday, January 28th 2025
Over the past three years higher interest rates have translated in dollar terms to a $10 billion increase in mortgage borrowing costs.
SBS FirstHome Combo | 4.69 |
TSB Special | 5.35 |
Unity First Home Buyer special | 5.49 |
ASB Bank | 5.49 |
Westpac Special | 5.49 |
Co-operative Bank - First Home Special | 5.49 |
AIA - Go Home Loans | 5.49 |
Heartland Bank - Online | 5.49 |
ICBC | 5.55 |
Kiwibank Special | 5.55 |
Nelson Building Society | 5.55 |
BNZ - Std | 5.29 |
TSB Special | 5.29 |
ASB Bank | 5.29 |
Kiwibank Special | 5.29 |
Westpac Special | 5.29 |
AIA - Go Home Loans | 5.29 |
Heartland Bank - Online | 5.39 |
ANZ Special | 5.44 |
Unity | 5.49 |
Co-operative Bank - Owner Occ | 5.49 |
SBS Bank Special | 5.49 |
Westpac Special | 5.39 |
BNZ - Classic | 5.59 |
ASB Bank | 5.79 |
BNZ - Std | 5.79 |
ICBC | 5.79 |
SBS Bank Special | 5.79 |
AIA - Go Home Loans | 5.79 |
Co-operative Bank - Owner Occ | 5.89 |
Kiwibank Special | 5.89 |
TSB Special | 5.89 |
Kainga Ora | 5.89 |
AIA - Back My Build | 4.94 |
SBS FirstHome Combo | 4.94 |
CFML 321 Loans | 5.80 |
CFML Home Loans | 6.25 |
Co-operative Bank - Owner Occ | 6.45 |
Co-operative Bank - Standard | 6.45 |
Kiwibank - Offset | 6.75 |
Kiwibank | 6.75 |
ASB Bank | 6.89 |
ANZ | 6.89 |
BNZ - Std | 6.94 |