OCR Up: What the RBNZ said
The Monetary Policy Committee today reached consensus to increase the OCR to 25 basis points to 2.75%.
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Whether to fix short or long term is the question
ANZ says with house prices likely to remain flat or edge slightly down in the near term, the decision facing mortgage advisers is whether clients take out the longer fixed rates or opt for a series of one-year back-to-back fixes.
How mortgage advice has changed: From the eyes of a veteran
After being in the mortgage game for nearly a decade, Mikey Smith, founder of Guardian Smith, says he has seen big transition in clients’ knowledge.
Kiwibank lone voice calling for no OCR hike
Taking the OCR path of least resistance while Kiwibank begs for a halt on hikes
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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 | 4.15 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| SBS Bank Special | 4.69 |
| AIA - Go Home Loans | 4.75 |
| Unity Special | 4.80 |
| China Construction Bank | 4.85 |
| Co-operative Bank - First Home Special | 4.89 |
| Kiwibank Special | 4.95 |
| TSB Special | 4.99 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| ICBC | 4.99 |
| Unity Special | 5.29 |
| SBS Bank Special | 5.29 |
| Co-operative Bank - First Home Special | 5.29 |
| Kiwibank Special | 5.39 |
| AIA - Go Home Loans | 5.45 |
| Co-operative Bank - Owner Occ | 5.45 |
| Westpac Special | 5.45 |
| ASB Bank | 5.45 |
| Westpac Special | 5.49 |
| SBS Bank Special | 5.49 |
| BNZ - Std | 5.49 |
| AIA - Go Home Loans | 5.59 |
| ASB Bank | 5.59 |
| ICBC | 5.65 |
| Kiwibank Special | 5.69 |
| Kainga Ora | 5.69 |
| Co-operative Bank - First Home Special | 5.89 |
| TSB Special | 5.99 |
| 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 | 4.20 |
| Co-operative Bank - Standard | 5.34 |
| Co-operative Bank - Owner Occ | 5.34 |
| ICBC | 5.39 |
| Kainga Ora | 5.79 |
| Heartland Bank - Online | 5.80 |
| SBS Bank | 5.84 |
| Pepper Money Prime | 5.99 |
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Introducing CFML's New BDMs: Richard and Ricky
We are delighted to welcome Richard and Ricky to the CFML Loans team as our new Business Development Managers.
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Active managers slip down KiwiSaver tables
A number of active KiwiSaver providers have failed to fire in the past year, while passive management has come to the fore.
Sharesies' KiwiSaver still going for growth, reaches break-even on cash flow
Sharesies KiwiSaver offering was marginally cash-flow-positive in the year ended March but its general manager says the focus is still on growth and enhancing its products.
Annual reviews ‘not serving clients’
KiwiSaver advisers who are reviewing their clients’ investments on an annual basis probably aren’t serving them as well as they could, the founder of an AI business says.
RBNZ trying to work out what's happening in the housing market; Rates rise
“Something has definitely changed in the housing market,” RBNZ chief economist Paul Conway said after the RBNZ MPS annoucement. Here's what he said.
Floating home loan rates have started to rise on the back of the Reserve Bank's decision to to hike the Official Cash rate. So far ANZ, BNZ and Westpac have moved. Expect the others to follow. Interestingly there is 20 basis points difference between ANZ and Westpac's new rates.
See how they stack up here.