Call to risk-weight investor loans
Banks should be forced to risk-weight investor mortgages and loans on interest-only terms, according to economists from Kiwibank.
The economists, led by chief economist Jarrod Kerr, believe action is needed to "rein in" the housing market, following red hot activity fuelled by record-low interest rates.
In their latest note to the market, the team calls for a rethink in how home loans are priced and allocated.
They believe the Reserve Bank should enforce a "reassessment, and bank repricing,...MORE»
Warning on fee for service chargesMonday, January 25th, 9:34AM
More clients are playing off mortgage advisers against their bank, leading to disputes over fee-for-service charges, says FSCL chief executive Susan Taylor. MORE» |
ASB, BNZ, Kiwibank slash ratesFriday, January 22nd, 8:57AM
ASB and BNZ have joined their big four rivals in slashing their one year special rates to 2.29%, while Kiwibank has also made cuts, as downward pressure continues in the home loan market. MORE» |
Westpac drops negative OCR call
Westpac has dropped its prediction for a negative official cash rate due to the red-hot housing market.
MORE»Mortgage price wars heat up
ANZ has followed Westpac in slashing its one year special rate to 2.29%, the joint lowest "big four" rate in the market.
MORE»Market momentum tipped to continue
Economists predict that the red-hot housing market will continue in the near-term, with listings not growing fast enough to meet demand.
MORE»Why we won't get negative rates
ASB has become the latest bank to reverse its forecast for a negative official cash rate.
MORE»Be clear on clawbacks
Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge.
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