House price rally could reduce odds of OCR cut: Westpac

A pickup in the housing market could give the Reserve Bank "pause for thought" over further official cash rate cuts, according to Westpac economists.

Price wars continue with ANZ rate cuts

Borrowers are set to enjoy even lower mortgage rates after ANZ slashed its fixed rate options to new lows.

Lifetime puts all advisers into salaries

Adviser group Lifetime has changed its remuneration structure, moving advisers onto an annual salary following its merger with Camelot NZ last year.

Weak business confidence will lead to OCR cut

Weak business confidence numbers will increase the chances of another Official Cash Rate cut next month, say Westpac economists.

Servicing test changes limited

Banks have made adjustments to serviceability tests since the Official Cash Rate cut in August, but advisers doubt whether the changes will have a big impact on pass rates.

Advisers welcome new mortgage entrant

Advisers have welcomed Simplicity's entrance into the mortgage market, but doubt whether the 2.95% home loan product will have a major impact.

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    Kiwibank economists believe the Reserve Bank will cut the Official Cash Rate to just 0.5%, with the possibility of a major cut in November.

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    The Reserve Bank says independent international experts support its plan to introduce strict new capital rules for banks.

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    Newpark Financial Services has hit out at the ongoing confusion around the new regulatory regime, and has warned the new environment could heap too much liability onto adviser groups.

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    MySolutions Group has decided not to transfer mortgage advisers' aggregation from The Mortgage Supply Company to Astute Financial following a disagreement over the new regulatory regime.

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