Be clear, very clear; interest rates are set to start rising
While the Reserve Bank left its official cash rate unchanged today it has made it clear they will start rising next year.
Reserve Bank governor Graeme Wheeler said today that he expects the official cash rate to rise 2.25% over the next nine quarters.
When interest rates start rising people will feel them.
Wheeler says that 75% of mortgages are either on floating rates or fixed rates of less than 12 months...MORE»
Thursday, December 12th, 9:02AM
The Reserve Bank has, as expected, kept its official cash rate at its historic low of 2.5%, but again warned increases are coming.MORE»
Tuesday, December 10th, 5:23PM 1 comment
Kiwibank has cut its floating rates for construction loans, following a u-turn by the Reserve Bank.MORE»
A Reserve Bank decision to exempt new construction from the loan-to-value restrictions will be a double benefit, says a broker who has been campaigning for the change.MORE»
Westpac is the first bank to split its full mortgage card to above and below 80% LVRs and has dropped its standard floating rate to what it calls a "market leading" 5.64%.MORE»
The Reserve Bank says although it is trying to be more open about what it is doing and its views on future interest rates many people aren't listening.MORE»
Claims that the LVR restrictions are having no impact on house prices in Auckland are misguided, a property commentator says.MORE»
Home loan approvals have reached a post-LVR rule high, Reserve Bank data shows.MORE»