The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
Kiwibank has today cut all its variable rates by between 0.20% and 0.25% following the Reserve Bank’s reduction in the Official Cash Rate.
BNZ has dropped its interest rates in response to today’s decrease in the OCR as follows: - 20 bps off Standard - from 5.99% to 5.79% - 10 bps off TotalMoney - from 5.89% to 5.79% - 14 bps off Rapid Repay - from 5.99%to 5.85%
Kiwibank has made cuts to variable rates following the 0.25% cut announced this morning by the Reserve Bank. Variable, revolving and offset mortgage rates have all been cut by 0.25% to 5.65% p.a.
ASB has lowered its 3-year special fixed home loan rate by 0.30% from 4.79% p.a. to 4.49% p.a. The rate change, applied to the three-year fixed rate, celebrates the All Blacks as three-time world champions.
Research released by BNZ today reveals New Zealander’s expectations are out of step with reality when it comes to paying off home loans.
Kiwibank has made cuts to all fixed rates following the 0.25% cut announced yesterday to variable rates. The new rates are: Variable: 5.90% (down 0.25%) Offset mortgage: 5.90% (down 0.25%) Revolving: 5.90% (down 0.25%) 6 month fixed: 5.19% (down 0.10%)
ASB has reduced its one-year home loan fixed interest rate special to 4.69% p.a for a limited time.
ASB has reduced its one-year home loan fixed interest rate special to 4.89% p.a for a limited time.
ASB has lowered a range of its home loan fixed interest rates, including its one year and two year fixed interest rate specials.
The Reserve Bank has published a consultation paper about proposed changes to the rules that banks must follow for high-LVR mortgage loans.
BNZ home loans will be available to New Zealand Financial Services Group (NZFSG) customers later this year. The partnership announced by the two organisations today marks the first time BNZ has offered its mortgages through a third party in just over 10 years.
ASB is cutting its three year fixed interest rate special to 5.45%p.a. and its five year fixed interest rate special to 5.65% p.a. It is also dropping its three year fixed interest rate to 6.29%.
ASB is cutting its five-year fixed interest rate special to 5.75% p.a. and has dropped its two-year fixed rate special to 5.39% p.a.
Kiwibank is cutting its three, four and five-year mortgage rates effective on Monday February 16, 2015. The three-year rate drops 34 points to 5.55% p.a.; four years down 40 points to 5.99% and five years down 10 points to 5.79%.
TSB Bank has today announced its offer of a 10 year fixed rate home loan, a first for the New Zealand market. The fixed rate of 5.89 per cent per annum for residential and investment property loans is available for buyers with a minimum deposit of 20 per cent.
Kiwibank has kicked off its 2015 mortgage campaign with a two-year mortgage rate cut from 5.75% p.a. to 5.55% p.a. The bank is also offering a cash incentive of $2015 for all new home lending over $100,000 (minimum 20% equity).
ASB has lowered a range of fixed interest rates for terms longer than 6 months and introduced a new four year fixed interest rate special. 6 months fixed rate, 5.80%, No change 1 year fixed rate, 5.99%, -0.10% 1 year fixed rate special, 5.70%, No change
Home loan affordability was flat across most of New Zealand in September after the national median house price and interest rates were unchanged.
Home loan affordability improved in August for the third consecutive month as lower interest rates and reduced mortgage payments more than offset a slight rise in house prices.
Kiwibank has raised its variable interest rates from 6.40% p.a. to 6.65% p.a. The increase is effective tomorrow (July 30) for new customers and August 12 for existing customers.
HSBC New Zealand, the global bank for New Zealanders, announces that it has reduced its HSBC Premier three-year fixed home loan rate by 0.4% to 5.85% per annum.
ASB is introducing a new five year fixed rate special of 6.85% p.a.
ASB is cutting its one year fixed home loan interest rate to 5.85% p.a., and introducing a new two year fixed rate special of 5.89% p.a.
Home loan affordability improved slightly across most of New Zealand in April as a fall in median house prices was enough to offset the effects of a second rise in floating mortgage rates in as many months.
CANSTAR releases annual home loan star ratings report today, assessing 95 home loans from 10 lenders.
ASB is celebrating the success of ASB’s award-winning Like Loan innovation by offering one month interest free on all new lending over $100,000 on a new three-year fixed term special.
HSBC New Zealand announces that it has reduced its HSBC Premier two-year fixed home loan rate by 0.5% to 5.79% per annum. This is the lowest two-year fixed residential mortgage rate currently being offered by a bank on the New Zealand market-.
Kiwibank has announced a number of changes to home loan and Term Deposit rates in response to higher costs of funding and the increase in the Official Cash Rate.
For a limited time, ASB is offering a special 18-month fixed rate of 5.69% p.a.