mortgagerates.co.nz - Latest News

Analysis falls in favour of fixing two or three years

Fri, 30 Jul 2010 15:40:00 +1200

BNZ has adopted a central rate hike scenario of the peak being 5.5% instead of 6%, with one pause in the cycle in January and another in June next year as a result of yesterday's Reserve Bank statement and recent events.

Floating rates to rise but not as fast or far as expected

Thu, 29 Jul 2010 10:00:00 +1200

While floating rate mortgages will rise again thanks to Reserve Bank governor Alan Bollard, the good news is they probably won't rise as much or as fast as previously expected.

Bollard lifts OCR, predicts more moderate pace of increases

Thu, 29 Jul 2010 09:04:00 +1200

Reserve Bank Governor Alan Bollard raised the Official Cash Rate (OCR) a quarter point to 3% as expected, while predicting a less aggressive path for further increases, given subdued domestic demand and a fragile global economy.

PRESS RELEASE: RBNZ raises OCR to 3%

Thu, 29 Jul 2010 09:02:00 +1200

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3%.

Economists and markets say interest rates up this week

Sun, 25 Jul 2010 23:13:00 +1200

Reserve Bank governor Alan Bollard will probably raise interest rates next week, despite recent data, particularly on the housing market, retail spending and inflation, being softer than expected.

Does weak data mean the RBNZ should stop raising interest rates?

Fri, 16 Jul 2010 16:45:00 +1200

The recovery in the New Zealand economy is proving to be a very lacklustre affair which is leaving many people scratching their heads wondering if this is as good as it gets, says BNZ economist Tony Alexander.

Little evidence the RBNZ needs to aggressively raise rates

Fri, 16 Jul 2010 16:15:00 +1200

New Zealand consumer prices rose less than expected in the second quarter as a decline in the price of food softened the impact of higher liquor and tobacco prices, providing little evidence that the central bank needs to aggressively hike interest rates.

Two non-bank lenders exit market

Tue, 13 Jul 2010 21:24:00 +1200

Two non-bank lenders are pulling out of the home loan market because of a lack of funding.

Looming inflation problem or not?

Tue, 13 Jul 2010 16:26:00 +1200

Economic recovery or not? Looming inflation problem or not? Perhaps we really need Paul the Octopus to settle the debate, says ASB. But unless he says something different, the bank's view remains that the economic recovery will continue steadily, not spectacularly.

The seven considerations in deciding to float or fix

Fri, 09 Jul 2010 12:35:00 +1200

Rate rises wrong as economy stalls: NZIER

Tue, 06 Jul 2010 11:44:00 +1200

The Reserve Bank of New Zealand should stop raising interest rates, amid worrying evidence that the economy recovery is stalling, says New Zealand Institute of Economic Research Quarterly Survey of Business Opinion chief economist Shamubeel Eaqub.

Fixed mortgage rates jump lower

Mon, 05 Jul 2010 16:18:00 +1200

How households react to lower mortgage rates is key, with some suggesting this could lead to more Reserve Bank tightening according to ANZ.

OCR uncertainty

Fri, 02 Jul 2010 10:28:00 +1200

With the economy's recovery being so weak and patchy and with major problems still in existence internationally, BNZ believes there's a risk that the Reserve Bank will not raise the cash rate as quickly as it has pencilled in.

Kiwibank slashes two-year rate to provide certainty

Thu, 01 Jul 2010 11:03:00 +1200

Kiwibank has cut 31 basis points off its two-year fixed home loan rate, reducing it from 7.30% which is the median for all banks to 6.99%.

Kiwibank cuts home loan rates

Thu, 01 Jul 2010 10:58:00 +1200

Kiwibank has cut 0.31% off its two-year fixed home loan rate, reducing it from 7.30% to 6.99%.

Westpac and Kiwibank race ahead in home loan lending

Tue, 29 Jun 2010 17:44:00 +1200

Net new lending on mortgages by banks is slowing markedly with three of the big four banks punching well below their weight, their general disclosure statements show.

RBNZ to be pleased with growth

Mon, 28 Jun 2010 17:02:00 +1200

A simple lesson in how monetary policy works

Fri, 25 Jun 2010 14:49:00 +1200

NZF competes with banks for home loans

Thu, 24 Jun 2010 16:00:00 +1200

NZF is starting to compete with banks for home loan business following the success of its $100 million securitisation programme.

All the banks have now hiked short-term rates

Tue, 22 Jun 2010 17:23:00 +1200

All of the major banks have now lifted their short term mortgage rates with Westpac and BNZ the last two to make changes following the Official Cash Rate (OCR) hike of 25 basis points to 2.75% earlier this month.