
Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high
The OCR has fallen 200 basis points since August, but home owners are still struggling.
The OCR has fallen 200 basis points since August, but home owners are still struggling.
Bank reports $525 million profit in six months.
OPINION: The only certainty around the economic direction right now is uncertainty.
Pessimistic outlook despite steady inflation and falling interest rates.
First-home buyers continue to make up a larger share of the overall market.
Most people spend money on things they think they probably shouldn’t.
The new US tariffs have shaken international markets, causing a global share plunge.
Experts suggest considering the two-year 4.99% rate for stability.
Mortgage arrears also appeared to stabilise over the month.
'The fixation with short fixes might be about to come to an end,' says Kelvin Davidson.
Claims of illegal rejection from mortgage brokers, rude questions from nosey bankers.
Mortgage broker says more people are fixing for longer.
Organisation releases findings of NZ economy review.
Dosh says it hopes to drive competition in the banking sector.
OPINION: House price increases cause economic harm, a Weekend Herald article says.
Home owners are switching to longer-term rates as the bottom of the cycle nears.
Mortgage arrears at their highest level since March 2017.
OPINION: The RBNZ relies on official statistics even though they are prone to be wrong.
If you are waiting for rates to fall, you may have missed your chance.
OPINION: Borrowers are increasingly banking on better days ahead despite global unrest.
Another major bank has cut its fixed-term rates.
ANZ staff receive a special home loan rate as part of benefits.
Adrian Orr's comments on Newstalk ZB come after the RBNZ cut the OCR yesterday.
Global instability could soften domestic interest rate relief.
Banks are expected to offer more fixed-rate cuts after the Official Cash Rate drop.
Banks have responded quickly to the Reserve Bank's latest OCR cut.
The move comes ahead of a potential rate cut tomorrow from the Reserve Bank.
A 50-basis-point cut this week is near certain but the longer-term track is hard to pick.
OPINION: The case for breaking banking loyalty and saving money.
Big bank says competition on interest rates is fierce.