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.
Loan arrears fall
Arrears of 30-days or more on loans linked to mortgage-backed securities in New Zealand fell in November 2006 to their lowest level in more than two years, according to analysis by the Standard & Poor’s rating service.
Finally a cut against the rising tide
Home Loan Report: After a succession of mortgage rate increases in recent weeks banks in the ASB group have bucked the trend with several reductions on fixed term loans.
OCR stays at 7.25%
The Reserve Bank has left its offical cash rate at 7.25% at its review today.
Bollard holds rates steady but a March hike looks certain
Although Reserve Bank governor Alan Bollard left interest rates unchanged, as expected, his hawkish tone makes it seem almost certain he will raise rates in March.
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New Zealand
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New Zealand
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