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.
Arrears on mortgage-basked securities down
Standard & Poor's Ratings Services says that the level of loans underlying New Zealand residential mortgage-backed securities (RMBS) that are in arrears by more than 30 days maintained its long-term downward trend in August, recording 1.89%.
Bollard hawkish but holds rates steady
Reserve Bank governor Alan Bollard left interest rates unchanged, as expected, but also said that rates will remain at current high levels for longer than expected. Bollard left his official cash rate (OCR) unchanged at 8.25%.
Rate rise this week unlikely
*Good Returns* survey of economists show a rise in the official cash rate is unlikely this week.
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