Interest rates could fall further than the Reserve Bank is comfortable with after the latest OCR announcement, economists say.
Governor Graeme Wheeler hiked the OCR 25 basis points to 3.5% and made it clear that the bank expects to leave it there for a while. “It is prudent that there now be a period of assessment before interest rates adjust further towards a more neutral level,” he said.
Westpac’s economists said the pause signal had been expected. But they said they sensed a market overreaction, and that interest rates could fall...MORE»
Thursday, July 24th, 9:02AM 3 comments
The Reserve Bank has kept its word and increased the official cash rate. It has also indicated there will be a pause in this tightening cycle. Here is what governor Graeme Wheeler said.MORE»
Monday, July 21st, 8:24AM
In Mortgage Rates Radio this week Philip Macalister reports on a new development around bank cash contributions; previews this week's OCR and what it means for borrowers; and has a welcome change of approach from one bank.MORE»
You can expect the Reserve Bank to hike its official cash rate next week, and floating rates will follow suit. However, what the central bank says and where interest rates will go after next week is less certain.MORE»
Former mortgage broker Kerry Buddle has been given a stiff jail sentence.MORE»
HSBC no longer has sales targets for its staff, and instead has introduced what it calls a holistic approach to treating clients.MORE»
RE/MAX New Zealand has joined the list of real estate firms which have set up finance arms to assist clients with home loans and insurance.MORE»
In Mortgage Rates Radio this week Philip Macalister talks about bank cash contributions to entie borrowers; the latest home loan rate changes and specials and the launch of a new real estate agent-linked group.MORE»