The major banks are revealing little on whether they intend to match the market’s lowest rate in 50 years, announced by HSBC on Wednesday.
“When the number of buyers exceed the number of sellers, prices will continue to rise. It’s that simple,” says real estate group CEO.
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A non-major bank has announced it will be lowering fixed rates on its two and three year home loans.
New Zealand’s central bank said it may need to cut interest rates further as falling oil prices and a weaker global growth outlook prolong a period of low inflation.
Economists have made their predictions about the Reserve Bank's upcoming announcement on the official cash rate review tomorrow.
Lender RESIMAC believes 20% of Kiwis need a specialist broker on home lending
BNZ, ASB and Westpac offering 4.39% p.a. fixed for 1 year
REA says property transactions can be high-pressure and extremely stressful