We start off today a little late as we came across this story this morning. While it's not home loan focussed it's pretty interesting. A new lender is offering short term loans to customers over their mobile phones at massive interest rates. Have a a read of this story.
WIth home loans it's a typical Monday. No rate changes to report and generally things are quiet. The main news last week was around the latest house price sales stats with REINZ figures showing volumes were up and prices eased slightly. The market seems to be in two speeds with Auckland pushing ahead and the rest of New Zealand a little sluggish. We have a wrap of what's happening in the various regions here at landlords.co.nz
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