Morning all. First up rate changes. The only one to report today is NZ Home Loans ending its "special" one year rate. This has now moved back to 5.95%. At the moment all eyes are on what is happening in the US with its debt crisis and whether that will have any impact on our home loan rates. The answer is not clear presently, but what is happening over there is important as our longer term rates are priced off what is happening overseas.
We also have something new for you today. In the most recent issue of the NZ Mortgage Magazine we looked at the non-bank sector and found it's got a lot more players than many would expect. We have updated this article and published it in a digital format. Click on this link
