Reserve Bank deputy governor Geoff Bascand says the central bank is assessing whether current LVR restrictions are appropriate, following a stabilisation in house prices and bank credit tightening.
Peer to peer lender Harmoney has cracked the $1 billion in lending mark with debt consolidation being the biggest use of funds.
BNZ has followed ANZ and is now offering a fixed home loan rate under 4%
ANZ has announced its lowest home lending interest rates on record – 3.95% for a fixed one-year term.
Mortgage fintech company Valocity, whose platform links borrowers, advisers and banks with property valuers, has been nominated for a prestigious global technology award.
The rate changes keep coming. ASB takes a different approach, matching the other banks with a sub-4% rate, but also increasing rates for its 18-month and three year terms.
Meanwhile, The Co-Operative Bank has also made some cuts; but not as dramatic as its big bank peers.