Interest rate low for one-year terms likely in a few months

One year mortgage interest rates could be as low as 4.5% by September or October this year if the OCR falls to 2.75% in August as predicted by Squirrel Mortgages.

New app makes loan agreements easier and cheaper

Drawing up a house deposit loan agreement from the bank of mum and dad has become easier with a New Zealand developed app launched only a few months ago.

First home buyers can now afford Auckland and Wellington

Lower home values and easing interest rates are creating a rare opportunity for first home buyers to buy in Auckland and Wellington, where they been locked out for years, Quotable Value says.

Steadying the unsteady recovery

Although about $2.2 billion will flow back into mortgage holders’ pockets over the next six to 12 months from falling interest rates a big chunk of it will go on paying bills.

New Prospa data reveals where and why Kiwi small businesses are lending

Demand for small business finance continues to grow, as Prospahighlights key industries and regions that financial advisers and brokers can target to diversify their portfolios.

ANZ lightened reliance on advisers in the March half year

ANZ Bank New Zealand’s reliance on advisers to originate mortgages fell slightly to 59% of net new lending in the six months ended March 31 compared with 61% in the previous first half.

More stories