Another hike is coming in the Official Cash Rate this Thursday, economists predict.
Mortgagerates.co.nz’s latest survey of economists found they all expect the Reserve Bank to move the rate by 25 basis points again, which would take it to 3%.
But they are split in their views on how many more increases there could be this year.
ASB and HSBC expect another two – in July and December. ASB predicts a peak of 4.5% at the end of 2015.
ASB economist Chris Tennent-Brown said: “We don't expect the RBNZ will give a fresh signal on the extent of the tightening cycle...MORE»
Wednesday, April 16th, 12:01PM 5 comments
There is “chaos” in pricing of home loans, according to one bank chief executive and borrowers have all the power.MORE»
Monday, April 14th, 3:33PM 1 comment
[UPDATED with minister's comments] The Welcome Home Loan scheme, which is designed to help first home buyers is being expanded.MORE»
Apparently banks pull money out of thin air then lend it to borrowers for home loans. Here is what TVNZ reported.MORE»
Bank customers are now more demanding than they once were, and want more accessibility and flexibility from their home loan products, says SBS Bank chief executive Ross Smith.MORE»
Westpac is the latest bank to remove its two-tier pricing for home loans, however it refuses to budge on its low equity margin.MORE»
Low-equity fees and interest rate premiums charged by banks for home loans are being reviewed by lenders and may become a thing of the past after a recent court case.MORE»
Fewer borrowers are taking out loans that are exempt from the new LVR restrictions than the Reserve Bank expected.MORE»