Interest rates: Banks pass on more OCR increase to borrowers than savers, FMA data show
The Co-operative Bank passed on slightly more. Banks had also increased their fixed home loan rates. On-call savings…
Middle East de-escalation eases inflation fears, offers relief for borrowers – Generate Wealth Weekly
Yet despite the noise, equity markets (bond markets have been a slightly different story) never fully bought into…
Cotality report shows more than 40% of borrowers are facing higher mortgage rates in next six months
“That strategy has become much less effective as market mortgage rates rise ahead of any medium term [Official…
Green home loans: The hidden risks behind ‘free money’ offers – The Prosperity Project
Clark says one will lend up to $50,000 at 0% “Zero. 0%” but because that loan must be…
ANZ NZ’s profit flat at $1.3b in half year; bank ups provisions for bad debts
Furthermore, ANZ put more money aside for credit impairments, as it was wary of the impact conflict in…
First-home buyers and ‘mums and dads’: The seismic shift in the property market – Taran Wiseman
The FHB share is holding higher than the 26% it was in 2024 and sub-26% in 2023, as…
One and two-year mortgages are most popular again, ASB CEO Vittoria Shortt says
Of the whopping $13 billion of mortgages (including refinancing) all banks in New Zealand issued in December, 22%…
Mortgage rates: Bunch of floating borrowers miss the boat on lowest rates
The reason rates rose, despite the OCR cut, was that traders in financial markets weren’t expecting the Reserve…
Borrowers get refunds in $15m student loan error
“Student loan interest calculations are complex, and some of the underlying causes relate to before the system upgrades…
Westpac’s profit jumps 13%, as it fattens its margins; CEO says average borrower is ahead on their mortgage repayments
The value of term deposits held by the bank fell by 2%, while transaction and savings deposits rose…
Forget interest rates, here’s the real key to getting mortgage-free faster
In fact, over 30 years at an average interest rate of 6% you can end up paying double…
Financial literacy boost for consumers
Those borrowing more than RM100k to be sent for courses PETALING JAYA: The new rule requiring personal loan…