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Mortgage News Archive 2009

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January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009
January 2009
5th - TSB Bank lifts profits, mortgage book little changed in September Qtr
13th - Decisions looming for borrowers
21st - Home loan report: Keeping eyes open
22nd - NZMBA sacks its ceo
25th - Another humungous rate cut expected
26th - Wizard brokers stick together
28th - CBS Canterbury enters wars
29th - OCR reduced to 3.5%
29th - Bollard slashes rates citing global recession
February 2009
4th - Kiwibank extends hand to brokers
4th - It's a great time to borrow
10th - BNZ's asset quality under pressure
12th - Cheap not always the easy option
17th - United Home Loans unable to write new business
18th - BNZ share of mortgage market shrinks
20th - Rate Watch: Next round of cuts starting
23rd - Bollard to cut rates again: economists debate the magnitude
25th - TSB holds mortgage market share as profit drops
26th - NZF to renegotiate Westpac funding after Genworth downgrade
26th - Rates strategy delivers for Kiwibank
March 2009
2nd - Bawden's aggregation group to re-brand
3rd - Westpac's profit, mortgage market share shrink
4th - Falls and rises in home loan rates
5th - Bollard may not cut as deep as RBA holds interest rates
6th - Bollard to cut rates again
11th - ANZ's new mortgage lending all but dried up in Dec qtr
12th - OCR reduced to 3%
12th - Bollard disappoints some with 50 point OCR cut
13th - MortgageWatch: Shorts down, longs up
18th - ASB's profit and mortgage book stall in Dec Qtr
22nd - MortgageWatch: More increases to longer term rates
26th - Tasman Mortgages placed in liquidation
30th - SBS profit jumps in Dec Qtr despite rising mortgage arrears
31st - Bluestone actively managing loans
31st - HSBC's profit jumps despite bad loans ballooning
April 2009
3rd - Kiwibank grabs market share as Aussie banks shut shop
8th - Figures show baby boomers after property bargains
9th - Economists agree OCR cut coming
23rd - Turning rate thinking on its head
26th - 50 pt rate cut predicted
29th - NAB says BNZ home loans book grew $500m in first half
30th - RBNZ cuts OCR to record low 2.5%
30th - Bollard slashes rates and says they will stay low
30th - National Bank, ASB, SBS, BNZ break fees cleared by regulator
May 2009
5th - Small lenders take on big banks
12th - Mortgage Rates Commentary
13th - Mortgage Rates Commentary
13th - RBNZ defends OCR, disappointed with banks' response
14th - Mortgage Rates Commentary
14th - Floating rates too low: Alexander
14th - Borrowers could be $1.2 billion better off
15th - Mortgage Rates Commentary
18th - Mortgage Rates Commentary
18th - Mortgage borrowing strategy
19th - 19 May 2009
20th - Mortgage Rates Commentary
20th - Mortgage watch: Banks still not budging
21st - Mortgage Rates Commentary
22nd - Mortgage Rates Commentary
23rd - Mortgage Rates Commentary
25th - Westpac expects pause to rate cuts
26th - Mortgage Rates Commentary
27th - 27 May 2009
27th - ANZ National increase long rates
29th - Mortgage Rates Commentary
29th - Rates seesaw stuck
June 2009
2nd - Mortgage Rates Commentary
2nd - Is it worth breaking your mortgage?
3rd - Kiwibank continues explosive growth; ASB profit drops
3rd - Mortgage Rates Commentary
3rd - Mortgage rate commentary: Little action
4th - Mortgage Rates Commentary
4th - Rates seesaw continues
5th - Mortgage Rates Commentary
7th - Economists divided on next move for interest rates
8th - TSB grows profits and mortgage book; HSBC's profit more than doubles
8th - Mortgage Rates Commentary
8th - Mortgage Rates Commentary
9th - MPs slam banks over interest rates
10th - Mortgage Rates Commentary
10th - Banks are bastards…
10th - Banks should disclose profit margins: Bawden
11th - OCR unchanged at 2.5%
11th - Dollar, rates jump after Bollard leaves rates unchanged
11th - What economists are saying
12th - Mortgage Rates Commentary
12th - Staying short the best strategy
15th - Mortgage Rates Commentary
16th - Feeble attempt to lower floating rates
16th - Market picks rates to rise earlier than RBNZ forecasts
16th - Mortgage Rates Commentary
16th - Where to for home loan rates?
17th - ANZ profit falls; mortgages sold to new branch
17th - Mortgage Rates Commentary
18th - Mortgage Rates Commentary
18th - TSB drops two-year fixed rate
19th - Mortgage Rates Commentary
19th - BNZ mortgage book grows, profit falls
19th - Some explanations from BNZ
20th - Other banks unlikely to follow TSB
22nd - Mortgage Rates Commentary
22nd - Economists back to normal: they don't agree
23rd - Mortgage Watch: TSB flavour of the week
23rd - Mortgage Rates Commentary
23rd - Home loan interest rates are lower than they were 12 months ago
23rd - The best two year rates
23rd - Bank defends its pricing of mortgages
24th - Mortgage Rates Commentary
24th - ANZ's bottom line drops, but interest income up
24th - Certainty comes at a cost for home loans, warns ASB
25th - Mortgage Rates Commentary
25th - Time to revolt?
26th - Mortgage Rates Commentary
28th - Bill to force disclosure of break fees
29th - Mortgage Rates Commentary
29th - Westpac's profit plunges as charges for bad loans soar
29th - Forecasts predict longer term interest rates may rise
30th - Mortgage Rates Commentary
30th - SBS's March quarter profit jumps despite ballooning bad loan charges
July 2009
1st - Mortgage Rates Commentary
1st - MPs decides against interest rate inquiry
2nd - MortgageWatch: Smaller lenders move rates
2nd - Mortgage Rates Commentary
2nd - Short term rates cheap
2nd - Spheres of influence revealed
2nd - Mortgage Link recognises its champions
2nd - Leading Canterbury mortgage broker moves to Viva
3rd - Mortgage Rates Commentary
3rd - Public Trust reorganising mortgage business
6th - Mortgage Rates Commentary
6th - Bank fixed-lending rates 'reasonable', floating rates could fall
6th - Westpac backs off rates cut prediction
6th - Farmers prepare to square off against banks
7th - No need to go floating
8th - Mortgage Rates Commentary
8th - Banks likely to 'tough it out'
9th - Mortgage Rates Commentary
9th - Floating rates calm - for now
9th - Alexander opts for rate protection
10th - PSIS eyes return to brokers
10th - Mortgage Rates Commentary
13th - Economists unanimous on next OCR move
13th - Mortgage Rates Commentary
13th - Time to move from floating to fixed: Westpac
14th - PLAN NZ restructures
14th - Mortgage Rates Commentary
14th - Mortgage rate stimulus for housing market easing
15th - Credit crunch hits NZ brokers harder than Aust
15th - Where to for interest rates?
16th - Mortgage Rates Commentary
16th - Forthcoming rise in interest rates could catch out property owners
20th - Mortgage Rates Commentary
20th - Economists start to warn of rate rises
21st - Mortgage Rates Commentary
21st - Bankers considering enquiry attendence
21st - Bank bashing the hot new game
22nd - Consumers have choices over home loans: English
23rd - The health of the home loan market.
23rd - Alexander still favours three year rates
24th - Mortgage Rates Commentary
26th - Bollard to leave rates unchanged this week
27th - Mortgage Rates Commentary
28th - Home loan rates falling, even with rises
28th - Mortgage Rates Commentary
28th - Uncertainty remains certain
29th - Mortgage Rates Commentary
29th - Mortgage Rates Commentary
30th - OCR unchanged at 2.50%
30th - Bollard keeps OCR steady but flags further cuts
30th - Rates one big game of poker
31st - Mortgage Rates Commentary
August 2009
3rd - Mortgage Rates Commentary
3rd - Still some hope OCR will be cut again this year
4th - More signs banks easing lending rules
4th - Mortgage Rates Commentary
5th - Mortgage Rates Commentary
6th - Mortgage Rates Commentary
6th - Long term rates steep.
6th - Mortgage Rates Commentary
6th - Current swap rates docile
6th - SBS raises rates: Will others follow?
6th - Employment numbers help keep rates low
7th - Mortgage Rates Commentary
10th - Mortgage Rates Commentary
10th - Market getting ahead of itself with pricing in rate rises
10th - Mortgage Rates Commentary
11th - NZF moves from LMI to LEM
12th - Mortgage Rates Commentary
13th - Mortgage Rates Commentary
13th - Kiwibank laying down the gauntlet
13th - Yield curve gets even steeper
13th - Message in a bottle
14th - My earlier advice right, says Alexander
14th - Mortgage Rates Commentary
17th - Mortgage Rates Commentary
17th - Mark Childs wins Broker of the Year
17th - Further rate cut unlikely to inflame housing market
18th - Mortgage Rates Commentary
18th - BNZ scraps mobile mortgage managers
19th - Mortgage Rates Commentary
19th - PLAN NZ up for sale
19th - Bank continues unusual behaviour
20th - Mortgage Rates Commentary
20th - Gap between OCR and 5yrs opens
20th - Interest rate changes this week
20th - First home buyers' scheme expanded
20th - Forecasting interest rates dangerous
20th - Kiwibank continues break neck growth
21st - Mortgage Rates Commentary
24th - BNZ coy on whether it will return to brokers
24th - Mortgage Rates Commentary
25th - Wholesale interest rates fall
25th - Mortgage Rates Commentary
26th - Mortgage Rates Commentary
28th - Mortgage Rates Commentary
28th - Fat Margin
30th - Westpac's profit plummets
31st - Mortgage Rates Commentary
31st - Chance of rate cut falls on back of survey
September 2009
1st - ANZ bad loan charges soar; underlying profit rises
1st - Mortgage Rates Commentary
1st - BNZ makes loss on tax case; mortgage book grows strongly
2nd - Mortgage Rates Commentary
3rd - Mortgage Rates Commentary
3rd - ANZ House Price Index
3rd - Who should you listen to?
3rd - Hills and Valleys of rates
3rd - SBS Bank profits, mortgage book grows
3rd - Coin toss on rates: Alexander
4th - Mortgage Rates Commentary
4th - Mortgage Rates Commentary
4th - ASB takes floating rate to historical low
6th - Differing views on what Bollard say about the OCR this week
7th - Mortgage Rates Commentary
7th - ASB continues its argument for rate cut
8th - Mortgage Rates Commentary
9th - Mortgage Rates Commentary
9th - TSB has lowest six month rate
10th - OCR unchanged at 2.5%
10th - Mortgage Rates Commentary
10th - Bollard keeps rates unchanged and softens easing bias
10th - ASB's interest rate strategy
10th - Sweet comfort for now
10th - Floating rates now a little more attractive
11th - Mortgage Rates Commentary
14th - Mortgage Rates Commentary
14th - ASB's profit and mortgage book grow
14th - Westpac chops home loan interest rates
14th - Mortgage Rates Commentary
14th - Rumours of a renewed housing bubble greatly exaggerated
15th - TSB's June quarter profit jumps 25.6%
15th - Mortgage Rates Commentary
16th - Mortgage Rates Commentary
17th - Mortgage Rates Commentary
17th - BNZ sets new low for floating rates
17th - BNZ claims the lowest floating home loan rate
17th - Forecasting interest rates highly uncertain exercise
18th - Weekly round up
18th - How far they have fallen
18th - Declaring war
21st - Newpark launches new aggregation service
21st - Mortgage Rates Commentary
21st - Warning: Interest rates could rise rapidly
22nd - Rate rise warning
22nd - Long term interest rates rise at Westpac
23rd - Westpac steepens curve
23rd - Field tilts sharply
24th - Bye bye AXA
24th - Weekly: The changing face of rates
24th - Long term fixed rates look unattractive
25th - The yield curve creeps up
25th - Borrowing strategy should have been sorted last year
28th - Quiet start to week
28th - Reserve Bank's OCR forecasts unlikely: ASB
28th - BNZ follows suit
October 2009
1st - SBS and NZF up
1st - Smith leaving NZF
1st - Benign period for rates
2nd - Nelson BS increases rates
5th - Mortgage Rates Commentary
5th - HSBC's mortgage book shrinks but profits jump
6th - Interest rate markets watch Australia today
6th - Mortgage Rates Commentary
7th - RBA hikes rates
8th - Mortgage Rates Commentary
8th - Westpac loses massive tax case
8th - Reserve Bank unlikely to follow RBA hike
9th - Kiwibank hike long term rates
12th - QV stats
12th - NZ not likely to next cab off the interest rate hike rank
13th - ANZ National make major changes
14th - PSIS rate hikes still below median.
15th - Mortgage Rates Commentary
15th - One-year fixed rates are on the move.
15th - More fixed rate rises coming
16th - ASB fixed rates hike
19th - Westpac raises rates twice in one week
20th - BNZ's turn to raise its rates
21st - Mortgage Rates Commentary
22nd - TSB still nudging
22nd - The big tick
22nd - Borrowers who have not fixed face challeges
23rd - Mortgage Rates Commentary
26th - Market listening for the unexpected
27th - National and ANZ raise six-month rates
27th - RB expected to prepare market for rate increases
28th - Mortgage Rates Commentary
29th - OCR unchanged, Bollard drops wording rates could fall further
29th - OCR Update
29th - Bollard's speech on the OCR
29th - Bollard's low OCR likely to refire housing market
29th - What goes down generally comes back up
30th - AMP Home Loan rate rises
November 2009
2nd - Westpac increases by 10
2nd - No point on mortgage curve safe now
2nd - Mortgage fraud increases
3rd - Mortgage Rates Commentary
4th - Mortgage Rates Commentary
5th - Mortgage Rates Commentary
5th - The OCR rollercoaster ride
6th - Mortgage Rates Commentary
8th - ASB hike fixed rates again
10th - Market still looking for early interest rate rises
10th - Mortgage Rates Commentary
11th - Mortgage Rates Commentary
11th - Inquiry claims banks didn't pass on OCR cuts
12th - Mortgage Rates Commentary
12th - The road well travelled
13th - Mortgage Rates Commentary
16th - Mortgage Rates Commentary
16th - ANZ backs RBNZ on rate rises
17th - Mortgage Rates Commentary
17th - How much is your mortgage costing?
17th - Allied Kiwi says insurance sales up 50%
18th - Mortgage Rates Commentary
19th - Mortgage Rates Commentary
19th - ASB posts $124m Sept qtr loss but underlying profitability rises
20th - Mortgage Rates Commentary
23rd - Mortgage Rates Commentary
24th - Getting monetary policy mix right
24th - Mortgage Rates Commentary
25th - Mortgage Rates Commentary
25th - ANZ's mortgage book shrinks, jumps or subsides - take your pick
26th - Mortgage Rates Commentary
27th - Mortgage Rates Commentary
27th - Stairway to heaven....yeah right
27th - TSB's profits and mortgage book grow strongly
30th - Mortgage Rates Commentary
30th - HSBC profit jumps despite higher bad debt charges, shrinking mortgage
December 2009
1st - Mortgage Rates Commentary
1st - PLAN NZ sold
2nd - Mortgage Rates Commentary
2nd - OCR “virtually certain” to stay at 2.5%
3rd - Southern Cross ups rates
3rd - Floating - the best place to be
4th - Mortgage Rates Commentary
6th - Views divided on when OCR will start rising
7th - Mortgage Rates Commentary
7th - Central bank in sweet spot with interest rates
8th - Kiwbank's mortgage market share and profits keep growing
8th - Mortgage Rates Commentary
9th - Mortgage Rates Commentary
9th - BNZ barely profitable in quarter
10th - OCR unchanged, pick-up in economy may drive early rate hike
10th - OCR update Dec 09
10th - FULL SPEECH: OCR remains unchanged at 2.5%
10th - Bollard turns more hawkish on next rate hike
11th - Mortgage Rates Commentary
11th - X marks the spot
14th - Mortgage Rates Commentary
15th - Mortgage Rates Commentary
16th - Mortgage Rates Commentary
17th - Mortgage Rates Commentary
18th - Mortgage Rates Commentary
18th - Half a decade of interest rate movements
18th - One and two year rates up this week
21st - Westpac records above average lending growth
21st - Mortgage Rates Commentary
21st - Meltdown could have been worse than it was
22nd - Mortgage Rates Commentary
23rd - Mortgage Rates Commentary
23rd - Rate changes in the lead up to Christmas
30th - Mortgage Rates Commentary
30th - Holiday message
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