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%.
More stories
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RBNZ expects 45% of mortgages to reprice in the June and September quarters
The Reserve Bank expects about 45% of mortgages will be refixed in the June and September quarters with advertised rates for one and two-year fixed mortgages having fallen below 5% for the first time since 2022.
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RBNZ signals just two further OCR cuts this cycle
The Reserve Bank is signalling just two further cuts in the official cash rate (OCR) in the current cycle, with the OCR bottoming at 2.9% in the December quarter and remaining at that level through to the March quarter of 2027.
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[BREAKING] OCR lowered to 3.25%
Monetary Policy Statement media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.
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First home buyers outgun investors again
Investors are again on the back foot in the mortgage market when it comes to the amount being borrowed.
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RBNZ urged to take up the Government’s mantra and ‘go for growth’
The New Zealand Institute of Economic Research’s (NZIER) Monetary Policy Shadow Board is recommending a 0.25% OCR cut tomorrow except Kiwibank chief economist Jarrod Kerr who says it should be 0.50%.
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Nearly $950 million was lent to home buyers with less than a 20% deposit in March.
It was significantly up on the $584 million lent to low deposit borrowers in March last year and $510 lent by banks in March 2023.
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Cut to KiwiSaver Government contributions neither here nor there
“The Government halving its KiwiSaver contribution to $260 a year is not going to make or break deposits for first home or other house buyers.
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It’s not the OCR cut but the Monetary Policy Review that counts
The Budget Is unlikely to have much bearing on next week’s RBNZ OCR review and Monetary Policy Statement.
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New RBNZ survey can’t be music to its ears
Businesses across the country expecting to thrive in 2025 are still in a big hole, down in the dumps and it is showing in a big new survey by the RBNZ.
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Hawks, doves and Kiwis
Some big swings in sentiment and markets in just a couple of months has led to expectations the RBNZ will drop the OCR at its meeting next week and signal another one or two to come.
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Advisers dismayed at Dosh and Westpac tie-up
Mortgage advisers say they have been slapped in the face by Westpac powering fintech Dosh to offer home loans without any financial advice and giving a loyalty cashback reward of up to 0.20% over the term of a mortgage.
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Why did ANZ's adviser originated loans fall in the past six months?
TMM talks to ANZ chief executive Antonia Watson to find out why adviser originated loans fell in the past six months.
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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.
