Lower mortgage rates, or higher bank margins?
Declines in fixed interest rates in the US have fed through to some reductions in NZ’s bank wholesale borrowing costs. Will this m...
Mortgage rates | no spring specials in sight, what’s in store for summer?
Costs for banks to borrow money have decreased. Added with the higher lending rates they provide, can banks afford to start cuttin...
Two giants and their impact on NZ
The Reserve Bank has kept the official cash rate at 5.5%, but the outlook on interest rates is still clouded. And now, the future of our housing market might be shaken up by two giants from the other side of the globe: China, and the U.S.
A shift in inflation forecasting
As one who has been around for three and a half decades commenting on the New Zealand economy and observing offshore markets, I’ve learnt that surprises never stay pointing in the one direction. A key aspect of markets is that they are adaptive.
Mortgage rates stay high for the foreseeable future, as global inflation worries continue
Weak exports, household spending lessen chances of another official cash rate hike, but inflation, migration, and fiscal policy changes may delay a rate cut until well into 2024.
What's in store for interest rates after the recent OCR announcement?
Following on from the Reserve Bank’s recent decision to raise the cash rate 0.25% to 5.5% and signal that they don’t plan any more rises, what is likely to happen with bank mortgage rates over the remainder of 2023?