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22 Nov 2024

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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.

Nadine Higgins: The end of desperate times
Opinion: A gust blew through the country last week as thousands of mortgage holders breathed a collective sigh of relief.

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?

The mortgage gamble: How long should you fix your mortgage for?
Here’s why more borrowers are fixing for a year or less.

LVR restrictions have added to resilience
This Bulletin reflects on a decade of using macroprudential policy and finds New Zealand’s loan-to-value ratio (LVR) restrictions on new mortgage lending have added to the resilience of the financial system

Cooking the Books podcast: The couple paying off the mortgage in five years, despite three kids
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how one family plan to annihilate their mortgage. Hosted by Frances Cook. It's hard enough to scrape together...

Cooking the Books podcast: Mortgage-free at 31 thanks to a tiny house on a llama farm
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the couple who made a major lifestyle change in order to become mortgage-free. Hosted by Frances Cook. If you...

More mortgage pain: Two major banks lift home loan rates
ASB and Kiwibank have both lifted their mortgage and deposit rates today in response to the Reserve Bank's latest official cash rate hike.ASB's housing variable rate will move from 5.85 per cent to 6.35 per cent, effective from...

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.

Man guilty of million dollar mortgage fraud sentenced to home detention
Francis Peters has been sentenced to home detention for his part in a $1m mortgage fraud case with his mother and brothers.

Here’s what NZ banks are planning to do with mortgage rates
Economists say borrowers could be in a much more comfortable position this time next year.

Cooking the Books podcast: Why a flatmate could be the secret to affording your first home
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to boost your income to get a mortgage application approved. Hosted by Frances Cook. First-home buyers...

More banks move to increase interest rates
Two more banks bumped up their mortgage rates today again in more bad news for borrowers while there are some positive signs for savers with one bank offering 5 per cent interest - the highest rate in some time.Kiwibank and Westpac...

The Front Page: Recession, mortgage shock, inflation – How hard will economic storm hit Kiwi families?
Bankers, economists and politicians are ringing the recession alarm bell around the world. Economists in New York recently told a group of New Zealand businesspeople a recession was likely – and this message is also starting to...

Heartland Group reveals record profit and $200m capital raise
Heartland Group Holdings has raised $200 million in new capital off the back of a record financial result.The listed financial firm which owns Heartland Bank and a reverse mortgage business spanning both New Zealand and Australia...