A real estate agency has said the surprise cash rate cut is a positive for many Kiwis, especially first home buyers, as banks pass on the cut, even if only partially.
Squirrel Group warns an Auckland housing market correction could significantly slow sales... SBS Bank rate changes... Global Financial Services celebrates its 17th Anniversary...
A wave of interest rate cuts have followed from a number of lenders after the Reserve Bank’s surprise cash rate cut to a record low of 2.25% on Thursday.
Central bank Governor Graeme Wheeler has faced criticism from economists after delivering an interest-rate cut that took most of them by surprise.
Auckland’s spreading property bonanza is one of the reasons Reserve Bank Governor Graeme Wheeler may tread carefully as he considers cutting interest rates to a fresh record low on Thursday.
Mortgage advisers say borrowers should be aware of and understand mortgage affordability “test rates” rather than being kept in the dark.
The bank boss defended brokers as "decent, honourable people"
The education side may need to be revisited, says mortgage broker
The start to the spring has been ‘quiet’, says chief executive