Kiwibank has switched its headline home loan special rate from one year to two years. The new two -year rate of 4.99% p.a. matches the lowest two-year rate last offered by Kiwibank in October 2012. The new rate is a reduction of 0.26%.
New Zealand needs to do more to harness the creative, economic potential offered by successful Kiwis returning home after long periods overseas, says a Massey sociologist.
Affordability issues? Let’s hope interest rates stay low! If you’re a new homeowner with a large mortgage, you should perhaps be hoping that the economy doesn’t improve too much over the next few years …
The end of summer is fast approaching, but HSBC Premier is keeping spirits up by dropping its three year home loan rate by 75 basis points to 4.99% per annum - the lowest rate offered by a New Zealand bank in at least a decade.
Kiwibank has today launched a six month home loan rate of 4.79% p.a., the lowest home rate it has offered since it began operating 11 years ago. The new rate is reduction of 0.46% and is not restricted to new customers, has no minimum lending requirement and no debt/equity restrictions.
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.
Home loan borrowers can expect low interest rates for a while yet, if economists polled by www.mortgagerates.co.nz are correct in their predictions. And that is likely to keep the heat in the New Zealand housing market, in Auckland in particular.
Kiwibank has today dropped the 30% equity requirement on its 4.99% p.a. specials for six months, one year and two year home loans. The special rates were launched three weeks ago, with the two-year rate significantly lower than competing banks.
ASB is now offering the same great fixed home loan interest rate of 5.45% per annum across all fixed terms of two years and under.
Latest data from leading credit bureau Veda shows renewed confidence amongst New Zealanders to borrow for homes and their businesses.
ASB is cutting its 2 year fixed home loan rate from 5.55% to 5.45% per annum.
To celebrate the launch of the 2012 Olympics and in recognition of our support for the New Zealand Olympic team, ASB is offering a 4 year fixed home loan rate special.
The New Zealand Bankers' Association revealed today that the number of mortgagee sales was less than 0.2% of the total number of mortgages held by New Zealanders.
ASB is cutting its 4 and 5 year fixed home loan rates by 40 basis points. The new rates are effective tomorrow, Friday 18 May. These cuts follow reductions to the 1, 2 and 3 year fixed home loan rates, announced earlier this week.
Kiwibank has today cut fixed home loan rates from one to five years plus announced it is keeping its one-year fixed rate "special" of 4.99 per cent p.a. open , but for a limited time.
ASB is reducing some of its fixed home loan interest rates by up to 45 basis points.
Bank of New Zealand has slashed its 18 month Classic Fixed home loan rate to 5.10% for a limited time. BNZ Director - Retail, Andy Symons says the bank is giving New Zealanders one of the lowest rates for a longer term compared to what is currently on offer in the market.
ANZ National has committed up to $500 million in further discounted mortgage lending to Christchurch residents as part of a new package to support the residential rebuild.
ANZ today announced a drop in its one-year fixed mortgage interest rate, taking it to its lowest point in 17 years.
Kiwibank today launched a special one-year home loan rate of 4.99 per cent p.a. The special is, 0.66 per cent below its standard rate. The rate will only be on offer for a limited time and requires equity of 30 per cent or more.
HSBC Premier has announced it is dropping its one year fixed interest rate by 36 basis points to 5.29% per annum, the lowest rate offered by a New Zealand bank in at least a decade*.
The RBNZ kept the OCR on hold as expected though has put a lot of weight on the high NZD dampening inflation, in part in an effort to talk the dollar down. Recent inflation developments have also given the RBNZ some comfort. Growth
Kiwibank has today cut its six month home loan rate from 5.65% p.a. to 5.39% p.a. The new rate significantly undercuts competing bank rates.
ASB is reducing some of its fixed home loan interest rates by up to 0.20%.
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