In a surprise move OCR held at 2.75%
It was a close call, but the Reserve Bank decided to leave the OCR unchanged today - just days out from the election.
OCR hike a foregone conclusion by economists and markets
Despite the RBNZ signalling it would defer another OCR hike this month until December, economists at the four main banks and the financial markets are expecting that decision to be reversed next week.
Mortgage sector slowdown highlighted by fast bank turnaround times
A recent significant drop in adviser-led mortgage business has been highlighted by bank turnaround times.
Untrained business mortgage advisers cost borrowers time and money
There has been a call for the entry level of business mortgage advisers to be lifted.
Vale Josh Bronkhorst
[Obituary] Josh Bronkhorst. Josh passed away recently after a short battle with cancer. Good Returns Publisher Philip Macalister reflects back on Josh's time in financial services.
Diversifying doesn’t mean more cost
Mortgage advisers don’t need to spend thousands of dollars on AI and advertising to run a successful business, Mikey Smith, Guardian Smith founder says
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Growth at Link points to adviser channel opportunities
After two years as national growth manager at Link Financial Group, Luke Roberts leaves at the end of this month having grown adviser numbers by 30%.
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OCR pass on rates vary from two days to five weeks
How quickly are banks passing on OCR changes for home loans and term deposits? The FMA has run the numbers.
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Newest non-bank lender officially launched
MB Private has launched as a new non-bank lender, and it has the backing of Westpac New Zealand.
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Tella widens CRM platform’s capabilities
Tella has rolled out a major technology upgrade for its specialised mortgage and finance CRM platform MyDash, in a bid to become an industry leading advice platform.
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Political attention on first home buyers ramps up
If re-elected National will widen access to the Kāinga Ora First Home Loan scheme to buyers earning up to $300,000 combined, while New Zealand First is opting for a shared equity scheme.
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NZFSG calls out banks for chasing advisers' clients
NZFSG is calling out banks for undercutting mortgage rates quoted by advisers, setting up a channel conflicts register as lenders fight harder for borrowers in a slowing market.
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OCR Up: What the RBNZ said
The Monetary Policy Committee today reached consensus to increase the OCR to 25 basis points to 2.75%.
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Whether to fix short or long term is the question
ANZ says with house prices likely to remain flat or edge slightly down in the near term, the decision facing mortgage advisers is whether clients take out the longer fixed rates or opt for a series of one-year back-to-back fixes.
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How mortgage advice has changed: From the eyes of a veteran
After being in the mortgage game for nearly a decade, Mikey Smith, founder of Guardian Smith, says he has seen big transition in clients’ knowledge.
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How mortgage advice has changed: From the eyes of a veteran
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Kiwibank lone voice calling for no OCR hike
Taking the OCR path of least resistance while Kiwibank begs for a halt on hikes
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Kiwibank says June half-year competition for home loans was particularly fierce
Kiwibank declined to compete as hard as some other players in terms of incentives offered in the June half year as the overall home loans market slowed, according to chief executive Steve Jurkovich.
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Increasing number of homes selling for a loss
As mortgage lending crashes to nearly zero amid a prolonged property market slump, the number of homes selling for a loss is steadily increasing hitting 13.1% – the highest since 2012.
