Bank profits under pressure - KPMG

The era of record setting profits for New Zealand banks looks to be over with a new report revealing they saw a significant decline in the last quarter.

Owner occupiers better protected now: RBNZ (+ Report)

New owner-occupier mortgage holders have become less vulnerable to a housing market bust, higher interest rates or income loss since the Reserve Bank introduced the LVRs.

Loan Market settles record amount

Loan Market has settled a record amount of home loans in the past financial year and, this week, opened a new head office in Auckland.

ASB predicts “mild” OCR increase

Lender ASB believes there will be a “mild” tightening cycle at the Reserve Bank, with floating and fixed rate mortgages expected to remain stable until the end of next year.

Today's Rate Changes
  • Patten on his new role with NZFSG; Co-op rate change

    Veteran mortgage adviser Bruce Patten has hung up his shingle as a broker and moved into a new role at the NZ Financial Services Group. [Read on]

    KPMG has put out its latest survey of banks. It says the era of record profit making is over. [READ ON]

    We have one rate change from The Co-operative Bank which brings it into line with competitors. [See Here]