Economists at war over OCR forecasts
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted.
Sponsored Content
New fund range answers adviser call for flexible KiwiSaver alternative
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
ANZ goes out on a limb and predicts three OCR rises this year
The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%.
Mortgage enquiries sink as war drags on and interest rates rise
High fuel prices because of the US and Israel war with Iran, rising interest rates, an increase in banks’ servicing test rates, election year wobbles and general uncertainty over the economy have meant a noticeable drop in mortgage enquiries.
Non-bank sector hopeful of a more profitable year
Even though margin pressure, the Iran war and election year dynamics are weighing on non-bank lenders, they are cautiously optimistic their businesses will improve this year, KPMG’s Specialist Lenders Insights Report shows.
OCR on hold
The Reserve Bank has kept the OCR unchanged. Here's what it said.
Most Read
TMM - The Magazine
Subscribe
Sponsored by:
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 | 3.95 |
| SBS FirstHome Combo | 3.99 |
| ICBC | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| TSB Special | 4.49 |
| Co-operative Bank - First Home Special | 4.55 |
| Unity Special | 4.59 |
| Kainga Ora | 4.59 |
| AIA - Go Home Loans | 4.59 |
| ASB Bank | 4.59 |
| Kiwibank Special | 4.89 |
| ICBC | 4.89 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| Unity Special | 5.09 |
| TSB Special | 5.09 |
| SBS Bank Special | 5.09 |
| Nelson Building Society | 5.09 |
| AIA - Go Home Loans | 5.09 |
| ASB Bank | 5.09 |
| BNZ - Std | 5.09 |
| Westpac Special | 5.59 |
| ICBC | 5.65 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kainga Ora | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ASB Bank | 5.69 |
| Kiwibank Special | 5.79 |
| BNZ - Std | 5.79 |
| Co-operative Bank - Owner Occ | 5.89 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Standard | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank Special | 5.65 |
| Kiwibank - Offset | 5.65 |
| Kiwibank | 5.65 |
Sponsored by:
People News
New BDM at FMT
FMT adds Tauranga-based BDM
Loan Market adviser becomes RM
Loan Market adviser Ryan Amoore has shifted to the corporate team as a Regional Manager.
Cressida adds to its team
Specialist lender Cressida Capital has appointed a new property finance analyst.
Sponsored by:
KiwiSaver News
KiwiSaver value for money not set and forget
Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off.
FMA takes pulse of KiwiSaver private assets
KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is.
Industry wary of KiwiSaver changes
KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.
Economists battle it out over OCR forecasts
Economists at war over OCR forecasts [READ ON]
ANZ has hiked most of its fixed home loan rates. To see how its two year rate compares to other banks CLICK HERE