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.
BNZ increases market share
National Australia Bank-owned Bank of New Zealand's share of the mortgage market ticked up during the March quarter, as did that of TSB Bank while HSBC's looked to have dipped.
Loan arrears increase
Loans underlying New Zealand residential mortgage-backed securities (RMBS) recorded a slight rise in arrears greater than 30 days over the March quarter.
Rises, rises all around
Weekly Home Loan report: Home owners or people about to sign up to a mortgage to buy a property don’t have many good interest rate choices in front of them at the moment.
The official cash rate (OCR) increases to 8.00%.
The OCR will increase by 25 basis points to 8.00%. Reserve Bank Governor Alan Bollard said: “Domestic demand has grown strongly since late 2006, particularly in the household sector.
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