10 things to know about mortgage lending right now
This Property Pulse explores 10 key insights shaping the mortgage market right now – from the rise in refinancing to the growing appetite for short-term fixed rates.
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Mortgage holders still hedging their bets
Floating and short-term interest rates for mortgages gained traction again in September before the RBNZ’s big 0.50% OCR cut in October.
BNZ again shuns advisers and the numbers show it
The numbers are showing convincingly that Bank of New Zealand is again shifting away from using mortgage advisers to originate home loans.
Financial stress stabilises while household credit demand picks up
Household stress has started to decline as debt-servicing costs have fallen, the Reserve Bank’s latest Financial Stability Report shows.
Westpac CEO explains commission cut decision
Westpac chief executive Catherine McGrath explains why the bank is ending trail commissions on home loans and says the move isn't impacting applications.
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Property News
New rules for meth contaminated houses
REINZ welcomes regulation of methamphetamine contamination in rental housing.
Leaving last year's stumbling housing market behind
As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.
Don’t bet on house prices rising faster than incomes
Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.
Top Mortgage Rates
| Unity First Home Buyer special | 3.99 |
| ICBC | 4.25 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.35 |
| TSB Special | 4.39 |
| Co-operative Bank - Owner Occ | 4.45 |
| Westpac Special | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| Unity Special | 4.49 |
| AIA - Go Home Loans | 4.49 |
| Westpac Special | 4.45 |
| TSB Special | 4.49 |
| SBS Bank Special | 4.49 |
| Kiwibank Special | 4.49 |
| AIA - Go Home Loans | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| BNZ - Std | 4.49 |
| ANZ Special | 4.49 |
| ASB Bank | 4.49 |
| Wairarapa Building Society | 4.59 |
| ICBC | 4.59 |
| Westpac Special | 4.99 |
| SBS Bank Special | 4.99 |
| ICBC | 4.99 |
| BNZ - Std | 4.99 |
| AIA - Go Home Loans | 5.15 |
| ASB Bank | 5.15 |
| Co-operative Bank - Owner Occ | 5.19 |
| TSB Special | 5.39 |
| ANZ | 5.39 |
| Kiwibank Special | 5.39 |
| Kainga Ora | 5.49 |
| SBS FirstHome Combo | 3.44 |
| AIA - Back My Build | 3.54 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 4.25 |
| Co-operative Bank - Standard | 5.30 |
| Co-operative Bank - Owner Occ | 5.30 |
| ICBC | 5.39 |
| Heartland Bank - Online | 5.45 |
| Kiwibank - Offset | 5.80 |
| Kiwibank | 5.80 |
| ANZ | 5.89 |
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FMT legend moves on
FMT's Bruce Smith starts his next chapter after a decade of outstanding contributions to the business and advisers.
FMT adds Christchurch-based BDM
FMT's new BDM has been an adviser, worked for a bank and a detective constable with NZ Police.
Non-bank BDMs on the move
Two former Pepper Money business development managers have new roles.
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KiwiSaver News
Paying advisers for KiwiSaver advice
Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice.
Super alone won’t cut it in retirement
New expenditure guidelines show how much New Zealanders need in their KiwiSaver to retire comfortably.
Morningstar to look under the hood of KiwiSaver funds
Morningstar plans to expand its coverage and research of KiwiSaver funds in New Zealand.
TMM Weekend Read: 10 things to know about the mortgage market
10 things to know about mortgage lending right now