Credit growth is running at its fastest pace since the Global Financial Crisis.
The latest monthly credit statistics from the Reserve Bank show that borrowing is at its highest level since the GFC in 2008 and 2009. The data shows lending was up 5.4% year-on-year in May.
ASB chief economist Nick Tuffley says housing credit will be the part catching the RBNZ’s eyes the most. It is clear that, even before the RBNZ cut the OCR in June, past falls in interest rates were already fuelling mortgage borrowing demand...MORE»
Tuesday, June 30th, 2:05PM
The head of ANZ's mortgage adviser distribution channel is moving to a new role.MORE»
Monday, June 29th, 10:16AM
BNZ says it is well ahead of target with its re-entry into the mortgage adviser market.MORE»
A decrease in the net interest income of New Zealand’s major banks reflects the current highly competitive lending environment.MORE»
With so many home loan rate changes at the moment we have done some comparisons between various lenders to see who they stack up against each other.MORE»
Three of the major banks are now predicting a further cut to the OCR in July.MORE»
Kiwibank has quietly made a whole raft of changes to its home loan fees including the removal totally of 10 fees.MORE»