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.
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.
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.
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.
[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.
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.
Asset prices and spending going nowhere
Falling interest rates might not be sufficient to boost spending, the BNZ says.
More stories
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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.
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Bottom of OCR cuts either here or not far away - ASB
ASB economists say the extent of further interest rate falls is now up in the air and the OCR could bottom out at 3%.
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New unsecured loan offer as BNZ chases SME market
BNZ is offering small businesses unsecured loans of up to $50,000 on digital only applications through its new Merchant Flexi Loan.
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Business funding landscape change
Kiwibank is stepping out of its comfort zone and starting a new lending programme for start-ups.
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Advisers’ fraudulent activity to be rooted out by FMA
Advisers selling mortgages and insurance through misleading or fraudulent activities are coming under the beady eye of the Financial Markets Authority (FMA).
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Never a better time in four years for first home buyers
Falling interest rates and house prices leading to better mortgage affordability is drawing first home buyers into the market in increasing numbers.
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NZHL strengthens leadership with GM appointment
Home loan and insurance adviser network New Zealand Home Loans has appointed a new general manager, franchise and distribution.
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NZ mortgage payments to drop by $3b in the next year: Macquarie
About 70% of mortgages will reprice in the next 12 months and that is going to mean New Zealand’s collective mortgage payments will fall by about $3 billion, according to analysis by Macquarie Research.
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Advisers well positioned to fill SME lending gap left by banks
Small businesses struggling to access capital as bank lending slows.
