Mortgage Lab buys new trail book

People Group has sold its Mortgage People trail book to Mortgage Lab.

Economists remain divided on how early the first rate cut will come

ANZ chief economist Sharon Zollner continues to expect no official cash rate (OCR) cuts this year but other economists, including BNZ's Doug Steel and Kiwibank's Jarrod Kerr and ASB's Mark Smith, expect one cut late this year.

BREAKING: OCR 5.50% - Official Cash Rate remains unchanged

The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent.

Squirrel CEO calls on the Reserve Bank to start cut OCR

Squirrel CEO, David Cunningham, says it's time to start the monetary policy easing cycle otherwise monetary conditions will continue to tighten due to the lagged effect of monetary policy.

Today's Rate Changes
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Property News

Support for regulation

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Top Mortgage Rates

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
Co-operative Bank - Owner Occ 7.24
TSB Special 7.24
ASB Bank 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
AIA - Go Home Loans 6.75
TSB Special 6.75
Westpac Special 6.75
ICBC 6.75
China Construction Bank 6.75
ASB Bank 6.75
Co-operative Bank - Owner Occ 6.79
Unity 6.79
ANZ Special 6.79
AIA - Go Home Loans 6.39
Westpac Special 6.39
ASB Bank 6.39
China Construction Bank 6.40
ICBC 6.49
BNZ - Classic 6.55
SBS Bank Special 6.55
Kiwibank Special 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
AIA - Back My Build 6.19
SBS FirstHome Combo 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Standard 8.40
Co-operative Bank - Owner Occ 8.40
First Credit Union Standard 8.50
Kiwibank 8.50
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People News

Loan Market adds national director to supercharge adviser growth

Loan Market adds national director to supercharge adviser growth

New leader for Loan Market in New Zealand.

Advice Link gets new head

Advice Link gets new head

NZHL Group appoints head of distribution and product development for Advice Link as it eyes further expansion.

Mortgage adviser takes out financial literacy award

Mortgage adviser takes out financial literacy award

Prominent social media poster William Tieu won Financial Advice NZ's financial literacy award.

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KiwiSaver News

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less.

Bayly will talk to coalition partners before any change to KiwiSaver

Bayly will talk to coalition partners before any change to KiwiSaver

Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play.

Simplicity takes stake in tax tech company

Simplicity takes stake in tax tech company

Simplicity’s latest private equity investment is an 18.8% share in the parent company of two tax technology companies, Tax Traders and its startup business Taxi.