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Kiwibank joins rivals, lifts rates
Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.
ASB first big bank to hike rates
The first of the big banks has hiked its floating mortgage rate after the Reserve lifted the Official Cash Rate by 0.25 per cent last week.
Mortgage suspect hit with $1.3m bill
A banker at the centre of an alleged multimillion-dollar mortgage fraud has been ordered to pay nearly $1.3m in damages to his ex-employer.
Bollard lifts OCR, future hikes likely to be less
While increasing the OCR this morning, Reserve Bank Governor Alan Bollard has indicated that future hikes won't be as aggressive as earlier tipped.
<i>Bernard Hickey - </i> Reserve Bank should target the housing bubble
It's clear the economy has become dependent on the debt growth fuelled by the housing market's ever-increasing values.
Home loan affordability dips in June
New Zealand home loan affordability worsened slightly in June from May as the median house price nudged up faster than incomes.
<i>Bernard Hickey</i>: Chilling levels of household debt finally dawns
NZers will look back on the winter of 2010 as the moment we finally realised the last decade of growth was a sham.
Interest rates tipped to rise despite CPI dip
Economists expect the Reserve Bank will raise interest rates further late this month, despite lower than expected inflation figures.
Property prices firm up in June, but turnover low
House prices firmed up last month, but turnover stayed low said the Real Estate Institute.
Kiwibank growth slows
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.
Kiwibank follows rivals with big mortgage rate cuts
Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.
House prices will fall: economists
Westpac economists expect house prices to fall about 2 per cent this year and another 2 per cent next year.
Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.
Mortgage rates hike - all the banks now up
All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.
South Canty Finance changes prospectus after Hubbard fraud probe
Sth Canterbury Finance has stopped accepting deposits while it changes its prospectus.
Hubbard hits back at 'misguided' Govt action
Hubbard is defending his actions, while one investor says he had been told he was investing in a "trust fund".
<i>Mary Holm</i>: Sell or rent? Look at the big picture
Personal finance writer Mary Holm shares her best advice and tips.
ANZ, National Bank raise interest rates
ANZ and National Bank have announced increases to their variable mortgage and savings account rates of around 25 basis points.
ASB lifts interest rates - first bank to move
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
Banks behind rural property stagnation - REINZ
The rural property sector remains stagnant because prices and sales are being dictated by banks, REINZ says.
<i>Bernard Hickey: </i> Why house prices will fall 15 per cent
New Zealand's housing market is running out of puff.