Article tagged with 'Mortgage Rates'
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More buyers with low deposits getting into housing market
12 Sep 2025 - Westpac says there are signs that more marginal borrowers are being drawn into buying homes.
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Mortgage borrowers drop short term fixes and flock to one-year rates
05 Sep 2025 - One-year fixed term mortgages are flavour of the month for new mortgage borrowers – a sign mortgage holders believe rates have further to fall.
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Townhouse values hit and miss as buyers prefer stand-alone houses
13 Jun 2025 - Easing mortgage rates mean more affordable stand-alone houses are appealing to home buyers again.
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Call for expected next OCR cut to be delayed
09 Jun 2025 - While lower mortgage interest rates are allowing more first home buyers to get into the market, ASB says there is a case for holding a predicted further interest rate cut in July.
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RBNZ expects 45% of mortgages to reprice in the June and September quarters
29 May 2025 - The Reserve Bank expects about 45% of mortgages will be refixed in the June and September quarters with advertised rates for one and two-year fixed mortgages having fallen below 5% for the first time since 2022.
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RBNZ signals just two further OCR cuts this cycle
28 May 2025 - The Reserve Bank is signalling just two further cuts in the official cash rate (OCR) in the current cycle, with the OCR bottoming at 2.9% in the December quarter and remaining at that level through to the March quarter of 2027.
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Steadying the unsteady recovery
12 May 2025 - Although about $2.2 billion will flow back into mortgage holders’ pockets over the next six to 12 months from falling interest rates a big chunk of it will go on paying bills.
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ANZ lightened reliance on advisers in the March half year
09 May 2025 - ANZ Bank New Zealand’s reliance on advisers to originate mortgages fell slightly to 59% of net new lending in the six months ended March 31 compared with 61% in the previous first half.
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Mortgage lending demand rises for first time in four years
28 Apr 2025 - Mortgage demand has increased over the past six months for the first time since 2021.
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Big increase in home loans made by banks
16 Apr 2025 - Despite a recession, the number and value of home loans were up by 21% in the second half of last year, compared to the first half.