TSB relaunches price-match offer
TSB has revived its home loan price-match offer, vowing to offer rates in line with the big-four banks.
Tough servicing tests remain
Advisers have called on banks to lower servicing test rates as home loans plummet to record lows.
Reserve Bank governor believes rates can go lower
Reserve Bank governor Adrian Orr believes banks have "room to go" to push home loan rates below current record lows.
Reserve Bank fears loan losses and restructurings
Loan losses will rise "materially" in the coming months and households could struggle to service deferred mortgages, the Reserve Bank has warned.
Mortgage lending slumps to record low in April
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.
Resimac eases criteria for investors
Non-bank lender Resimac has eased its credit criteria for investors as it seeks to build market share in New Zealand.
Kiwibank smashes record with 2.65% home loan
Mortgage rates continue to plummet to record-lows, with Kiwibank launching a one-year home loan at 2.65%.
More stories
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ASB ramps up price war with 2.69% mortgage
ASB has stolen a march on its big four rivals with the launch of a 2.69% two-year mortgage rate, a new record-low.
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BNZ tightens lending policy
BNZ is sticking to a tight lending policy for mortgage borrowers, despite the Reserve Bank's decision to scrap LVR restrictions.
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Pepper writes 600 NZ loans in first year
Australian non-bank Pepper Money provided 600 home loans in its first year in New Zealand, as it targets expansion over the next 12 months.
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ANZ slashes home loan to 2.79% record low
ANZ has cut its one year special home loan rate to 2.79%, the lowest ever in the New Zealand market.
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Reserve Bank calls for lower mortgage rates
Reserve Bank deputy governor Geoff Bascand has piled pressure on banks to slash mortgage rates as wholesale borrowing costs fall.
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Markets price in negative interest rates
Financial markets have priced in an increased chance of a negative official cash rate after the Reserve Bank mooted the idea last week.
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Industry welcomes wage subsidy extension
Advisers have welcomed the extension of the Government's Covid-19 wage subsidy scheme, and say the additional payments will help those hit hardest by the lockdown.
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OCR reaction: Reserve Bank open to lower, negative rates
Economists say the Reserve Bank has left the door open to lower or negative rates, as it kept the official cash rate on hold.
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OCR decision revealed
The Reserve Bank has kept the Official Cash Rate on hold at its record low of 0.25%. Here's what the RBNZ said:
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Westpac goes sub 3%, The Co-operative Bank cuts rates
Westpac has slashed its two year special home loan to 2.99%, becoming the latest major bank to drop below the 3% mark, while The Co-operative has also cut mortgage rates.
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Advisers plan return to the office
Mortgage advisers are planning their return to the office this week as New Zealand enters level two lockdown, but face-to-face client meetings could pose challenges for the sector.
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TSB drops one year rate to 2.89%, ANZ to 2.99%
TSB has slashed its one year special rate to 2.89% and ANZ has cut its one year special to 2.99%, as rates continue to fall.
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OCR Preview: Economists predict rate will stay on hold
Economists expect the Official Cash Rate will remain on hold this week, but many believe the Reserve Bank will open the door to lower or negative interest rates.
