News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
ASB's profit and mortgage book stall in Dec Qtr
ASB Bank’s second quarter profit was flat as losses on impaired loans charged to profit jumped while its mortgage book grew only slightly.
MortgageWatch: Shorts down, longs up
Two key trends are happening in the home loan market this week; floating rates are actually sinking and some long-term rates are rising.
Bollard disappoints some with 50 point OCR cut
Reserve Bank governor disappointed those hoping for a bigger interest rate cut but still cut his official cash rate (OCR) to an historic low citing the very rapidly deteriorating world economy and extreme volatility in international financial markets.
OCR reduced to 3%
The Reserve Bank today reduced the official cash rate (OCR) by 50 basis points to 3%.
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New Zealand
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