HSBC has launched an interest rate of 4.49% for its one, two and three-year fixed-term residential mortgages.
These special home loan rates are being offered to new and existing HSBC Premier customers. To qualify, customers must have at least 20% deposit or equity – 30% in the case of new residential investment lending on Auckland housing - and have their salary credited to a HSBC transaction account.
“We are pleased to be able to pass on the benefit of the current low interest rate environment to our customers by offering this market-leading home loan rate in New Zealand of 4...MORE»
Wednesday, July 29th, 10:32AM
The Reserve Bank has confirmed that further OCR cuts are likely to be needed.MORE»
Thursday, July 23rd, 11:05AM
Little surprise followed the Reserve Bank’s OCR cut this morning - and further cuts are now generally expected to come this year.MORE»
New Zealand's softening economic outlook and low inflation has led the Reserve Bank to cut the OCR to 3% today.
Reserve Bank governor Graeme Wheeler explains why the Official Cash Rate was cut today.MORE»
Banks are closing the door on low-equity Auckland property investors, even before the Reserve Bank rules kick in.MORE»
Predictions of multiple OCR cuts by the end of the year are coming thick and fast - with the next one expected on Thursday.MORE»