Aussie banks told to scrap commission payments

A review commissioned by the Australian Bankers' Association has recommended commissions for mortgage brokers be replaced with a fee-for-service model - and there are fears that may flow through to New Zealand.

Interest-only loans come under the spotlight

Australia’s interest-only loan crackdown could lead to a tightening up on the rules in New Zealand.

Rate rises not prompting action

Most mortgage holders expect interest rates to rise this year – but they aren’t planning to do anything about it, new BNZ research reveals.

Major changes for Reserve Bank?

Interest rate decisions could soon be made somewhat differently after both National and Labour suggest changes for the Reserve Bank are on the cards.

Today's Rate Changes
  • ASB lenders reduce rates

    ASB, Bank Direct and Sovereign have all made small decreases to their one-year standard and Special rates today.