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Kiwibank adjusts short end home loan rates

Kiwibank adjusts short end home loan rates
Kiwibank has reduced its one-year fixed home loan rate by 0.15% p.a. to 5.80% p.a. It has also ended the "special" six month rate promotion, increasing the rate from 5.59% to 5.75% p.a. The changes are effective from 18 March 2011.

SBS Bank drops floating mortgage rate after OCR reduction

SBS Bank drops floating mortgage rate after OCR reduction
Customer-owned SBS Bank has responded swiftly to today's cut in the Official Cash Rate (OCR) by announcing a competitive 50 basis point drop to its floating home loan rates.

OCR drop means time to check mortgage rates

OCR drop means time to check mortgage rates
Now is the time to check mortgage interest rates and reconsider repayments, given today's drop in the Official Cash Rate (OCR), according to Sorted.

Kiwibank floating mortgage rates slashed

Kiwibank floating mortgage rates slashed
Kiwibank has responded to this morning's cut in the Official Cash Rate by cutting its floating interest rates by 0.50 percent to 5.65 per cent p.a. The cut is immediate for new customers and effective in two weeks for existing customers.

BNZ reduces variable housing rates

BNZ reduces variable housing rates
The Bank of New Zealand has reduced its variable housing rates by 50 bps and its 6 month fixed rate by 45 bps. Tim Main, Treasurer at BNZ says;

ASB announces further interest rate reductions

ASB announces further interest rate reductions
ASB has today announced decreases to its variable lending and on call savings account interest rates.

OCR reduced to 2.5 percent

OCR reduced to 2.5 percent
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent.

HSBC drops one, two & three year home loan rates

HSBC drops one, two & three year home loan rates
HSBC has today announced it has dropped its one, two and three year fixed interest rates with immediate effect, meaning that the Bank is the market leader across all fixed home loan interest rates for the major banks*.

Is Kiwibank Up For The Challenge?

“Over the next decade, New Zealand will have a housing shortage of some 95,000 homes. Now we are facing a shortage of 70,000 homes.” I question this statement, as where are all these people supposedly residing now. Is there really that much overcrowding in New Zealand?

Kiwibank cuts all fixed home loan rates

Kiwibank cuts all fixed home loan rates
Kiwibank has today cut all its fixed-term home loan rates with immediate effect.

Westpac reduces fixed term mortgage rates

Westpac reduces fixed term mortgage rates
Westpac is cutting up to 50bps off numerous fixed term mortgage rates, including its six month rate, due to lower wholesale lending rates and an expected cut in the Official Cash Rate on March 10th.

ASB announces interest rate reductions

ASB announces interest rate reductions
ASB has today announced it will be dropping its home loan fixed interest rates by up to 0.5 of a percentage point.

Changes to ANZ Home Lending Rates

Changes to ANZ Home Lending Rates
These changes apply to ANZ's Home Lending and Term Deposit Rates

Changes to National Bank Home Lending Rates

Changes to National Bank Home Lending Rates
These changes apply to The National Bank's Home Lending and Term Deposit Rates

Rate cut expectations grow

Rate cut expectations grow
Expectations are growing that the Reserve Bank will cut the official cash rate (OCR) next month, following Tuesday's devastating Christchurch earthquake, although some economists question the value of such a move.

NZ economy tipped to continue slow recovery in 2011 - ASB

NZ economy tipped to continue slow recovery in 2011 - ASB
The economy is expected to continue its slow recovery this year, helped by strong commodity prices and low interest rates for much of 2011, ASB Bank said in its quarterly economic forecasts.

Appetite for credit returning - Veda Advantage

Appetite for credit returning - Veda Advantage
A renewed appetite for credit ahead of Christmas has been interpreted as a sign of an improving economy. Inquiries in mortgages and credit cards increased in December, although consumer credit inquiries eased, according to credit bureau Veda Advantage.

Some signs Reserve Bank a little happier

Some signs Reserve Bank a little happier
The Reserve Bank left its benchmark interest rate unchange, as it waits for a "more robust" recovery, but some economists are already picking up indications of a little more perkiness in the central bank's outlook.

Bollard keeps OCR unchanged

Bollard keeps OCR unchanged
Reserve Bank Governor Alan Bollard today left benchmark interest rates unchanged, as widely expected, while saying rates were "likely to increase modestly over the next two years".

Brash leaves OCR unchanged

Wellington, Jan 27 NZPA - Reserve Bank Governor Don Brash has left the Official Cash Rate unchanged at 3 percent this morning. NZPA WGT gt

RBNZ expected to keep rates on hold next Thursday

RBNZ expected to keep rates on hold next Thursday
Wellington, Jan 23 NZPA - Economists say a 4 percent annual inflation rate that may peak at 5 percent will not prompt the Reserve Bank of New Zealand to hike the official cash rate next week.

RBNZ sets limit for covered bonds at 10 percent of assets

RBNZ sets limit for covered bonds at 10 percent of assets
Wellington, Jan 21 NZPA - The Reserve Bank of New Zealand (RBNZ) is limiting the amount of covered bonds New Zealand banks can sell to 10 percent of a bank's total assets.

Kiwibank cuts one-year fixed rate

Kiwibank cuts one-year fixed rate
Wellington, Jan 17 NZPA - Kiwibank is cutting the interest on one of its fixed rate mortgages, possibly just for a fortnight, as a means of "testing the market".

Economist warns fixed mortgage rates could rise quickly

Economist warns fixed mortgage rates could rise quickly
A leading bank economist is warning home buyers that current below-average fixed term mortgage rates could start rising "quite rapidly".

Financial year had plenty of argy-bargy

The first histories of New Zealand's experience of the global financial crisis appeared this year as the collapses continued and the anger mounted. PAM GRAHAM of NZPA reports.

Hotchin struggles on $1000 a week

Wellington, Dec 17 NZPA - Hanover Finance founder Mark Hotchin says he cannot afford to live on $1000 a week.

RBNZ surprised by lack of effect from low interest rates

RBNZ surprised by lack of effect from low interest rates
Wellington, Dec 9 NZPA - The Reserve Bank has been surprised at the limited impact low interest rates have had on the economy.

RB leaves cash rate unchanged

RB leaves cash rate unchanged
Wellington, Dec 9 NZPA - The Reserve Bank left the official cash rate (OCR) unchanged at 3 percent today as growth continues to moderate, but rebuilding following $5 billion worth of earthquake damage in Canterbury is expected to help boost the economy.

Reserve Bank governor leaves OCR unchanged

Reserve Bank governor leaves OCR unchanged
Wellington, Dec 9 NZPA - The Reserve Bank has left the official cash rate unchanged at 3 percent as expected, it was announced today.

Relief available for quake-stricken residents

Relief available for quake-stricken residents
Wellington, Nov 15 NZPA - The Commerce Commission says quake-stricken Cantabrians struggling with debt can apply for financial relief because of unforeseen hardship.

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