Diminishing KiwiSaver balances tip up first home buyers
Mortgage brokers say they are hearing from many first-home buyers wondering what to do about the slump in their KiwiSaver balances caused by US President Donald Trump's tariff war.
Mortgage brokers say they are hearing from many first-home buyers wondering what to do about the slump in their KiwiSaver balances caused by US President Donald Trump's tariff war.
At the beginning of the month Trump declared a 10% baseline tax on imports across the board from April 5 plus enormous taxes on China and other countries deemed to be in a trade imbalance with the US.
It...MORE»
Mortgage lending demand rises for first time in four yearsMonday, April 28th, 8:10AM
Mortgage demand has increased over the past six months for the first time since 2021. MORE» |
Sitting back and taking a calm attitudeTuesday, April 22nd, 8:43AM
Westpac is sticking to its forecast of a 3.25% OCR bottom. MORE» |
More OCR cuts on the cards later this year
ANZ is adding two more OCR cuts to its economic forecast after next month’s expected drop to 3.25%.
MORE»Big increase in home loans made by banks
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.
MORE»The flow through of lower mortgage rates
Although carded one- and two-year fixed mortgage rates are now about 200 basis points (bp) below last year’s high the vast majority of lower mortgage rates have yet to flow though.
MORE»Time for FMA to put an end to banks’ pathetic excuses over OCR delays
Lobby group the Banking Reform Coalition wants the FMA to use its powers under the new Conduct of Financial Institutions (CoFI) regime to get tough on banks not passing on OCR cuts in mortgage rates immediately.
MORE»Mortgage adviser charged with dishonesty
A mortgage adviser who allegedly submitted a false gifting certificate for a client’s home loan application has been charged by the FMA with dishonestly using a document.
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