mortgagerates.co.nz - Latest News

S&P sounds warning to some lenders

Fri, 17 May 2013 10:56:00 +1200

Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade.

Mike Pero accusations fly

Thu, 16 May 2013 06:00:00 +1200

The final step in the sale of Mike Pero Mortgages has started, accompanied by a war of words between joint venture partners NZF and Liberty Financial and revelations of a disputed shareholder loan.

Kiwibank switches home loan specials to two year term

Wed, 15 May 2013 12:22:00 +1200

Kiwibank has switched its headline home loan special rate from one year to two years.

RBNZ introducing macroprudential tools 'soon'

Wed, 08 May 2013 11:02:00 +1200

Loan-to-value restrictions would be difficult to implement and less effective if they were not applied across the board, the Reserve Bank said in its six-monthly financial report, out today.

Interest rate warning for borrowers

Tue, 07 May 2013 06:00:00 +1200

ASB is expecting floating home loan interest rates to reach 6% by March next year.

More action with one-year home loan rates

Mon, 06 May 2013 09:47:00 +1200

BNZ has started the week by upping the ante in the one-year home loan rate market.

Westpac reduces appetite risk

Fri, 03 May 2013 16:53:00 +1200

Westpac New Zealand wants to be at the forefront of responsible lending in New Zealand, its head of retail banking says.

Finance company customers seek out banks

Wed, 01 May 2013 06:00:00 +1200

Customers who previously might have applied for loans from finance companies have been driven to mainstream lenders by a series of high-profile failures, says ANZ.

RESIMAC rate changes

Tue, 30 Apr 2013 12:43:00 +1200

RESIMAC’s interest rate specials were meant to run out two months ago, says sales director Adrienne Church.

Westpac makes its one-year rate look good

Tue, 30 Apr 2013 08:07:00 +1200

Westpac is the latest bank to lower its one-year fixed rate, but it has conditions on the offer.

New low equity charge for Westpac customers

Mon, 29 Apr 2013 06:00:00 +1200

Westpac will tomorrow introduce a new low-equity margin for lending with a loan-to-value ratio between 80% and 85% LVR.

Threats of OCR hike possibly a ploy: Economist

Wed, 24 Apr 2013 10:49:00 +1200

Hints that the Reserve Bank could be tempted to raise the official cash rate were possibly just ploys to try to spook borrowers, one economist says.

The latest on the OCR

Wed, 24 Apr 2013 09:00:00 +1200

The Reserve Bank has this morning left its official cash rate unchanged and reiterated its views on when rates will change in the future.

SBS goes under 5% across the board

Wed, 24 Apr 2013 08:32:00 +1200

Another of the smaller banks. SBS, has taken its short term home loan rates below the 5% mark.

No move in OCR yet: Economists

Mon, 22 Apr 2013 09:18:00 +1200

Despite a change in tone from the Reserve Bank this month, a survey of economists shows none expect the official cash rate to move this week.

Banks cut one-year rates ahead of OCR

Mon, 22 Apr 2013 06:31:00 +1200

Two banks have today cut their one year fixed mortgage rate, with one going below the 5% mark.

Competition keeps bank margins low: KPMG

Wed, 17 Apr 2013 15:51:00 +1200

Hot competition in the mortgage markets is keeping pressure on bank margins, according to the latest KPMG financial institutions performance survey.

Buoyant market tempts new brokers

Thu, 11 Apr 2013 12:46:00 +1200

Auckland’s buoyant property market is prompting more brokers to enter the industry, says Loan Market’s chief executive David Hart.

Low OCR may not be a sure bet: RBNZ

Mon, 08 Apr 2013 17:32:00 +1200

New Zealand’s rising house prices are a risk to the economy, the Reserve Bank’s deputy governor says, and previous predictions of low interest rates for the next year or two may be revised.

Kiwibank's 4.79% offer ends

Mon, 08 Apr 2013 15:19:00 +1200

Kiwibank is no longer offering its six-month 4.79% home loan rate but has cut its one-year fixed rate from 5.25% to 4.99%.