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%.

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