PM suggests RBNZ make OCR decisions more often
As business confidence improves, Prime Minister Christopher Luxon wants the RBNZ to take more frequent OCR decisions.
Warning about fixing short term from top economist
The country’s outstanding mortgage book is the shortest it has been in 13 years.
Investor mortgage borrowers’ sentiment takes a nose dive
Property investor mortgage borrowers are worried interest rates will rise this year, and this cycle of the market won’t result in firm house price increases.
Jumping off the short-term interest rate bandwagon
While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully.
Open finance momentum expected to gather pace in 2025
New regulations dictating how open finance works for the banking sector could be in place by the end of the year with advisers encouraged to start thinking about how developments could change the way they do business.
Economists split on RBNZ OCR cut: How much will the Reserve Bank lower rates in February?
Debate among economists is starting to emerge on how much the RBNZ will cut the OCR at its next review on 19 February.
To fix or not to fix: Mortgage rate decisions a key theme for 2025
In recent months, falls in mortgage rates have understandably meant there’s been a strong focus on the ‘short end’ of the curve, with borrowers mostly choosing floating rates or 6-12 month fixes. However, the timing of a possible shift to longer-term fixed rates is shaping up as a key theme in the mortgage market this year.
More stories
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Borrowers turn to short term mortgage rates in droves
Mortgage borrowers are so confident interest rates will come down even further this year, nearly half the mortgage money borrowed in November was on floating rates.
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Challenger looks to expansion of servicing non-bank mortgage loans
Buying Bluestone Home Loans New Zealand mortgage book is part of Australian-listed Challenger’s plans for further expansion in New Zealand.
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Bank resourcing should have been a ComCom recommendation
Squirrel Mortgages chief executive David Cunningham wonders whether the Commerce Commission should have made bank resourcing one of its recommendations in the bank competition study completed last year to ensure a level playing field.
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Bluestone’s mortgage book sold
Australian listed Challenger has bought non-bank lender Bluestone Home Loans New Zealand mortgage book for $597 million.
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Saving borrowers money
With a $500 million capital injection, Kiwibank says it can save New Zealanders $1.5 billion by having more aggressive pricing, better terms and better turnaround.
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Interest rates with a four in front not far away – Squirrel
Mortgage interest rates should fall back and settle somewhere between 4.5% and 5% next year.
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DTIs will start affecting borrowers by the middle of next year
Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market.
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Lower mortgage rates not a one way street
ASB has warned mortgage borrowers, interest rate markets are volatile and can change quickly and being aware of the risks is an important part of choosing a mortgage strategy.
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Advice Link gears up for growth
Advice Link has appointed an experienced general manager to spearhead growth in the adviser sector.
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Mortgage borrowers better off by $9,000 on average
OCR cuts have had a big effect for new mortgage borrowers.
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Competition is real - ANZ
ANZ says it is building a nimble and agile banking system to stay relevant when innovative financial technology companies are popping up to provide stiff competition in niche areas.
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Meaningful difference seen as coming from Kiwibank’s capital raise
Starting with institutional investment and an eventual IPO is an excellent start for turning Kiwibank into a meaningful disruptor, David Cunningham Squirrel Mortgages chief executive says.
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Govt greenlights Kiwibank raising $500m ahead of eventual float
The government has given Kiwibank's parent, Kiwi Group Capital, and the Treasury the green light to raise up to $500 million from institutions including KiwiSaver funds ahead of an eventual public float. Once the capital is raised it could allow Kiwibank to lend up to an extra $10 billion to home buyers or $4 billion to businesses.
Most Read
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1 Economists split on RBNZ OCR cut: How much will the Reserve Bank lower rates in February?
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2 Jumping off the short-term interest rate bandwagon
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3 Challenger looks to expansion of servicing non-bank mortgage loans
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4 Open finance momentum expected to gather pace in 2025
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5 To fix or not to fix: Mortgage rate decisions a key theme for 2025
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