Home loan shake-up as major banks hike long-term rates, trim six-month fixes
ASB has also lowered its six-month home loan rate by 20bps to 4.65%, which it says is “market-leading”.…
Wellington City Council ratepayers undercharged in accounting ‘error’
“We want to sincerely apologise for this error,” Reeves said. “To prevent this happening again, stronger internal controls…
Reserve Bank Governor Dr Anna Breman finally talks market down, as ANZ the latest to hike mortgage rates
ANZ is hiking its 18-month and two-year mortgage rates by 20 basis points, and its three, four, and…
Kiwibank economic outlook: Brighter days ahead with 2026 recovery tipped
Bank economist Sabrina Delgado criticised the Reserve Bank for a “misstep”. While it cut the Official Cash Rate…
Are recent mortgage rate increases justified? Banks accused of putting profits ahead of NZ’s economic recovery
The banks’ moves came as swap rates, which influence longer-term mortgage rates, spiked in the fortnight following the…
Co-operative Bank hikes mortgage rates by massive 30 basis points
The bank’s standard two-year fixed rate will increase from 4.99% to 5.29%, while its three-year term moves from…
How lawyers turn routine legal work into a luxury few can afford – Bruce Curtis
Lawyers treat urgency as a profit lever, using it to inflate routine costs far beyond anything seen in…
Reserve Bank Governor says there is no preset course for monetary policy after Westpac hikes interest rates
She declined the opportunity to explicitly talk the market up or down. Rather, she stressed a couple of…
Why fixed mortgage rates are headed up already after Reserve Bank cuts – Inside Economics
Banks’ answer is that their rates had already “priced in” the OCR reductions. But they need to produce…
Westpac lifts longer-term mortgage and term deposit rates by whopping 30 basis points
Indeed, Westpac said wholesale rate rises were behind its decision to lift its two-, three-, four- and five-year…
Letters: We don’t need a rates cap; What a life sentence to hand to our young
It does concern me, though, that this latest initiative seems to be based more on anecdote than evidence…
Why a rates cap isn’t the answer – Phil Goff
The Government likes to talk of cutting back “nice to haves” but the big cost areas in local…