More OCR cuts on the cards later this year

ANZ is adding two more OCR cuts to its economic forecast after next month’s expected drop to  3.25%.

Big increase in home loans made by banks

Despite a recession, the number and value of home loans were up by 21% in the second half of last year, compared to the first half.

The flow through of lower mortgage rates

Although carded one- and two-year fixed mortgage rates are now about 200 basis points (bp) below last year’s high the vast majority of lower mortgage rates have yet to flow though.

Time for FMA to put an end to banks’ pathetic excuses over OCR delays

Lobby group the Banking Reform Coalition wants the FMA to use its powers under the new Conduct of Financial Institutions (CoFI) regime to get tough on banks not passing on OCR cuts in mortgage rates immediately.

Mortgage adviser charged with dishonesty

A mortgage adviser who allegedly submitted a false gifting certificate for a client’s home loan application has been charged by the FMA with dishonestly using a document.

Moving forward to the past - rates have further to fall

Kiwibank says the economic environment simply demands more interest rate relief.

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