Banks are currently in a stand-off over interest rate changes at the moment. Usually floating rates move in tandem with changes to the OCR, but no lender has upped its rates since the Reserve Bank's changes last week. However changes are coming, it's just no one wants to be first.
NZF has completed its $100 million fund securitisation which means it will soon be actively in the market chasing home loan business.
Also in the news, residential home buyers have a slight edge over sellers with a solid number of listings and longer selling periods eroding vendors' ability to pick and choose the best bid.
And news from Australia's central bank, yesterday it chose to keep its cash rate on hold.
