Mired housing market going nowhere fast
A housing market deep in the doldrums is likely to stay stalled for some time yet, ANZ says.
[TMM Podcast] Xceda aims to be a key non-bank lender
In the latest TMM Better Business podcast we talk to Xceda chief executive Daniel McGrath about the company’s transformation and its new loan products.
Borrowers’ switcheroo reaches new record
Mortgage holders switching lenders has reached a new high – up 30% during June.
Record number of deals being done by first home buyers
Despite mortgage costs being higher than rents first home buyers have taken more than a quarter of all properties bought in the second quarter of the year.
Green light burning brightly for August interest rate cut
Another cut to the OCR next month is now as close to a done deal as can be the case, the BNZ says.
Crunch time for credit rules - FSF
Specialist lenders are urging lawmakers to strike the right balance on the country’s consumer credit rules.
Surge in complaints against advisers
Complaints about mortgage, insurance and wealth advisers made up the largest number of cases investigated by Financial Services Complaints Ltd (FSCL) in the year to the end of last month.
More stories
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Interest rates could drop, house prices increase as people age
An ageing population is expected to continue putting downward pressure on neutral interest rates and house prices could increase, a RBNZ briefing paper reveals.
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Big, fat beautiful fees
Banks have lobbied themselves another profit centre under open banking, which could kill fintech innovation, Sam Stubbs of KiwiSaver Simplicity says.
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Pausing while pass through of interest rate cuts catches up
Adding to the RBNZ’s cautious OCR approach and pause on cuts this month is the full impact of the large interest rate reductions over the past year is yet to be felt.
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Significant number of borrowers still hanging out for OCR cuts
Even though the OCR didn’t budge yesterday, a sizeable chunk of mortgage holders are expected to keep fixing at floating rates in the hope there will be further cuts.
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Mortgage rates may have bottomed already as RBNZ holds OCR
While there’s debate within the Reserve Bank’s monetary policy committee about where interest rates are headed, mortgage rates have either bottomed already or have only a little further to fall, says Kiwibank chief economist Jarrod Kerr.
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[BREAKING NEWS] What the RBNZ said today about interest rates
The Monetary Policy Committee today agreed to hold the Official Cash Rate at 3.25%. Here's why in its own words.
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KAN's AB joins up with another group
Kiwi Adviser Network's one authorised body is moving to SHARE, but will keep aggregating through KAN.
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Asset prices and spending going nowhere
Falling interest rates might not be sufficient to boost spending, the BNZ says.
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The OCR gravy train is slowing
Common expectations among economists is the OCR will not budge from 3.25% at next week’s RBNZ meeting.
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Mortgage arrears still challenging
Data from credit bureau Centrix and the RBNZ show different pictures for mortgage arrears.
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Little growth for the rest of this year expected
Advisers already under pressure over bank turnaround times and the rising number of mortgage applications can expect more of the same as house prices flatten.
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Service agreements could help banks’ processing timeframes
As turnaround times at the major banks show little sign of improvement, FAMNZ wants clear service level agreements introduced.
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New record for low equity loans
Mortgage lending in May was back to March levels at $8.6 billion after taking a dip in April. Two years ago, that figure was $5.8 billion.
