Articles Tagged ‘home loans’

OCR unchanged at 2.5 percent

Last Thursday the Reserve Bank announced that the Official Cash Rate (OCR) would remain unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “New Zealand’s economic outlook remains consistent with that described in the June Monetary Policy Statement. “New Zealand’s trading partner outlook remains poor, with several euro-area economies in recession. There remains a […]

Home Buyers Guide to Interest Rates

Buying your home is an exciting experience and it makes good financial sense to understand the numbers around your purchase, these include interest rates, fees and charges that may be associated with your mortgage. When looking at interest rates, you need to consider the actual amount of interest you will pay over the full term […]

Floating Mortgages in Demand

Demand in floating rates is on a high with many New Zealanders opting for a floating rate home loan over fixed rate home loans. Many home owners are switching due to the competitive landscape with banks launching almost daily special offers and discounts on floating interest rates. But is floating the right move? It’s certainly something you […]

Financial Stability Report Signals Relief

The Reserve Bank of New Zealand (RBNZ) has released its twice-yearly Stability Report as the global growth weakens and the sovereign debt crisis escalates inEurope, signalling some relief to New Zealanders. In his statement Dr Allan Bollard said, “Risks toNew Zealand’s economy and financial system have increased in recent months.” However he went on to […]

RBNZ, Building Homes Key to Affordability

Policy-makers need to become more responsive to the housing market and need to focus on housing supply as they try to make homes more affordable, according to the Reserve Bank of New Zealand (RBNZ) in its submission on Housing Affordability to the Productivity Commission. It is the kiwi dream to own your own modest home […]

Competitive Loans for DIY Renovations

The saying ‘a little change can be as good as a holiday’ has never rang more true when considering renovations and DIY home upgrades. Before getting stuck into the exciting parts of your renovation project you should consider which line of finance is best for your renovation project needs. Renovating your home can be exciting […]

Fresh Look for New Zealand Banknotes

The Reserve Bank of New Zealand (RBNZ) has announced that planning is now underway the fresh look upgrade to New Zealand’s current series of banknotes. The upgrade will include updating the $5, $10, $20, $50 and $100 notes. Whilst still in its early stages, the notes will be released gradually in 2014. The RBNZ also […]

OCR on Hold, For Now

The Reserve Bank (RBNZ) left the official cash (OCR) rate on hold at 2.5 per cent at its April meeting, giving home owners some much needed reprieve. The outlook for core inflation and the ongoing economic impact of the earthquakes mean there’s no need to raise interest rates any time soon. In its financial stability […]

The Insider

Mortgage holders appeared to breathe a collective sigh of relief this week when Reserve Bank of New Zealand (RBNZ) Govenor Allan Bollard cut the Official Cash Rate (OCR) by 0.5 per cent to a record low 2.5 per cent as the central bank reviewed the countries economic data. Many economists are now predicting only one […]

Reserve Bank of New Zealand Cuts OCR

There was a sigh of relief to see the Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 basis points to 2.5% per cent as it reviewed economic data at its March board meeting. Many economists are now predicting only one further rate rise in the end of the last quarter […]