News

Longer term mortgages edging up

The move to longer term fixed mortgages is gathering speed although a substantial share is still on floating or short-term rates as the RBNZ has indicated two more possible OCR cuts to 2.75%.


NZFSG upgrades its CRM

NZ Financial Services Group has launched a new workflow tool, Deal Board, in its CRM that gives mortgage advisers a clear, customisable, real-time view of their loan pipelines — streamlining processes, cutting admin time, and helping businesses stay one step ahead.

Mortgage arrears falling but hardships up

The number of home owners with their mortgages in arrears is dropping.

First home buyers getting more bang for their buck

In a market where available house sale listings are abundant and buyers hold most of the pricing power, first home buyers (FHBs) are ascendent.

RBNZ expects 4.5% house price growth in 2025

The Reserve Bank is expecting house prices in New Zealand to rise about 4.5% this year but that’s a much more modest increase than has been the case historically, according to RBNZ assistant governor for money Karen Silk.

Short term mortgage fix still an appealing decision

Fixing mortgages for six months is still an attractive option compared to floating rates for borrowers, ANZ says in its latest Property Focus.

Little effect on housing market

Nothing really changes for the housing market after yesterday’s drop in the OCR to 3.25%.

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