mortgagerates.co.nz - Latest News

Kiwibank cuts. Just BNZ to go

Thu, 02 Feb 2012 21:33:00 +1300

Kiwibank has joined with most of the other banks and cut some of its fixed rate home loan rates, with decreases in its longer term loans.

Bollard's departure sparks monetary policy debate

Tue, 31 Jan 2012 21:06:00 +1300

The impending departure of Reserve Bank governor Alan Bollard has got people thinking about changing the way monetary policy is set - and there are plenty of views on what to do. Jenny Ruth looks at the issue.

Bollard casts off from bank

Mon, 30 Jan 2012 08:34:00 +1300

Reserve Bank Governor Alan Bollard today announced he will not be seeking another term as governor when his current term ends on September 25.

ASB cuts 1 to 5 year fixed home loan rates

Thu, 26 Jan 2012 23:29:00 +1300

ASB, Bank Direct and Sovereign have cut their one to five year fixed rate home loan by between 10 and 20 basis points.

Bollard holds OCR steady as US Fed prompts currency jump

Thu, 26 Jan 2012 11:23:00 +1300

Reserve Bank governor Alan Bollard's well-anticipated decision to hold rates steady was over-shadowed by the US Federal Reserve's statement it intends to keep interest rates at historic lows into 2015, much longer than previously indicated.

What Bollard said

Thu, 26 Jan 2012 09:02:00 +1300

Kiwibank goes long

Thu, 12 Jan 2012 19:21:00 +1300

Kiwibank has started the year by dropping its four year fixed home loan rate 80 basis points taking it to 5.99%.

Westpac and BNZ grow mortgage books

Thu, 15 Dec 2011 06:29:00 +1300

Westpac and Bank of New Zealand produced buoyant profits and strong mortgage book growth in the September quarter.

Interest rates on hold until at least the second half of 2012

Thu, 08 Dec 2011 10:13:00 +1300

Retail mortgage and deposit rates are unlikely to change much before the second half of next year at the earliest.

OCR remains the same

Thu, 08 Dec 2011 09:06:00 +1300

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.50% and given no indication of future movements.

Squeezed margins hit newest bank

Mon, 05 Dec 2011 15:43:00 +1300

The costs of becoming a bank and squeezed margins saw The Cooperative Bank's profit fall sharply in the September quarter but its mortgage book grew.

Next OCR increased pushed further into the future

Sun, 04 Dec 2011 23:09:00 +1300

With the European debt crisis dragging on, economists expect Reserve Bank governor Alan Bollard will leave interest rates unchanged on Thursday.

S&P downgrades big four Aussie banks

Fri, 02 Dec 2011 11:53:00 +1300

Standard & Poor's has cut the credit ratings for the big four Australian banks and their New Zealand subsidiaries, after a review that saw some of the world's biggest banks also downgraded.

ANZ's Sept Qtr profit jumps but mortgage book shrinks again

Thu, 01 Dec 2011 12:53:00 +1300

ANZ Bank's profit jumped in the September quarter but its mortgage book shrank for a second successive quarter.

Quakes hit SBS Bank's profit and mortgage book

Wed, 30 Nov 2011 22:29:00 +1300

SBS Bank's profit fell in the September quarter and its mortgage book shrank, both reflecting the impact of the Christchurch earthquakes.

The cost of NZF's finance company failure

Tue, 29 Nov 2011 21:18:00 +1300

NZF Group chalked up a bottom line loss of more than $11 million in the six months to September 30 on the back of the collapse of its finance company.

The pros and cons of NZF's deal

Mon, 28 Nov 2011 21:22:00 +1300

Selling 80% of NZF Group's home loans division to Australia-based non-bank lender Resimac will have significant benefits for NZF's shareholders although it will also have some disadvantages, says an independent report.

Kiwibank's profit surged and mortgage book growth accelerated in Sept

Fri, 25 Nov 2011 10:44:00 +1300

The government-owned Kiwibank's profit surged and growth in its mortgage book accelerated in the September quarter.

TSB lifts Sept Qtr profit, grows mortgage book

Thu, 24 Nov 2011 06:40:00 +1300

TSB Bank's net profit rose 12.7% in the September quarter despite a jump in charges against profit for bad loans and its mortgage book grew faster than its market share.

ASB's mortgage book shrinks for a sixth successive quarter

Tue, 22 Nov 2011 16:57:00 +1300

ASB Bank's mortgage book shrank for a sixth successive quarter in the three months ended March although the rate of decline slowed and its quarterly profit rose.