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Finance

27 Jan 2025

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Jumping off the short-term interest rate bandwagon
While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully.

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.

Danger OCR might need to be hiked in 2026
Potential mortgage borrowers might need to get their new homes of investment properties in the next year as Westpac says there is a risk the RBNZ might cut the OCR too far and start raising rates again in 2026.

Major bank make cuts to home loan rates ahead of OCR decision
For home loans, ANZ has reduced interest rates on several fixed terms, with the largest cuts seen in the 6-month and 1-year fixed rates.

Live: ‘Era of crushing price rises is over’ says Finance Minister
Kiwis can look forward to mortgage rates going down, Nicola Willis says, as inflation drops to its lowest level in over three years, within the Reserve Bank’s target range.

Devon Funds Morning Note - 13 September 2024
The US indices pushed higher for another day as the wholesale inflation data came in line with expectations. The lack of any nasty surprises in the CPI or PPI data paves the way for the Fed to cut rates next week, albeit possibly by 0.25% rather than a 0.

Nadine Higgins: Ways to put your money to work on your mortgage
OPINION: There are a number of methods to maintain the financial discipline required by high interest rates.

Wall Street slumps again, led by falling tech stocks
Traders are expecting the US Federal Reserve to cut its main interest rate in the face of dropping employment figures.

Lower mortgage rates not a one way street
ASB has warned mortgage borrowers, interest rate markets are volatile and can change quickly and being aware of the risks is an important part of choosing a mortgage strategy.

Lending growth on a steady path upwards
Mortgage borrowers rolling off a fixed term interest rate in the next few weeks are expected to join the rush to a six month floating rate even though the next OCR drop isn’t expected until the middle of February.

Loan Market launches mental health initiative
Loan Market has launched its Best Interest Mates Community to support advisers and raise awareness of mental health issues.

Interest in buying a business surges with some Kiwis buying themselves a job
ABC Business Sales reports business purchases are well up, but PwC partners caution buyers do their due diligence before making an offer.

Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
With annual inflation at 2.2%, those behind the decision said the economy had been evolving as expected.

Here’s how to gain a quick win in your bid to get rid of credit card debt
OPINION: High interest rates can slow your progress and also be incredibly demoralising - but it's also where you can gain a quick win.

Two-year home loan fixed rates drop below 6% - but should you take it?
The latest rates look tempting, but it's a difficult decision for people hanging out for relief, broker says.

The gap between the OCR and mortgage rates, explained
The official cash rate is now 5.25% yet mortgage rates are as high as 8.5%. Why the discrepancy?

Live: OCR decision time for Reserve Bank
What way will interest rates go after the central bank makes its monetary policy statement?