All eyes on interest rates for next two years
Aside from the expected RBNZ 0.50% OCR drop on Wednesday, economists are expecting a thorough update of where it sees interest rates going over the next two years.
Despite the RBNZ’S claim of the ‘spurious accuracy’ of the OCR track, or the complete 180 degree turns from previous OCR tracks, it’s the best mud map the central bank can provide for the future path of rates, Jarrod Kerr, Kiwibank chief economist says.
“One we can then pick apart and debate.”
He is expecting to see the OCR track pushed lower...MORE»
Backlash against banks’ home loan processing timesFriday, November 22nd, 9:22AM 2 comments
Mortgage advisers are taking a stand against banks’ strung-out home loan processing times. MORE» |
Climate change – a threatening problem for lendersThursday, November 21st, 9:06AM
A looming problem for mortgage advisers over the next few years and coming decades is going to be property insurance, Mark Solomon, LifeDirect managing director says. MORE» |
New line of credit business offering
Another small business lender adds line of credit product.
MORE»Economists hedge their OCR bets
In just a week the RBNZ will make another decision on the OCR and the BNZ says 0.25%,0.50% and 0.75% cuts are all options.
MORE»Mortgages harder to get over the line
Strung out bank mortgage application processing times are frustrating advisers.
MORE»Private credit rewriting mortgage and business borrowing
Private credit is reshaping lending in New Zealand as more people turn away from banks who can’t and, in many cases, won’t offer mortgage flexibility.
MORE»Small mortgage blip for Basecorp in tough year
After a tough year for the non-bank sector, Basecorp Finance feels fortunate the volume of funds it has lent on mortgages dipped to only $1.1 billion from $1.2 billion in the previous year in the context of what the industry has done.
MORE»