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17 May 2025

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Steadying the unsteady recovery
Although about $2.2 billion will flow back into mortgage holders’ pockets over the next six to 12 months from falling interest rates a big chunk of it will go on paying bills.

Advisers originating fewer BNZ mortgages
Bank of New Zealand is writing a smaller percentage of mortgages through advisers although the percentage of its total mortgage book originated by advisers has continued to grow.

Further interest rate falls not on the cards
ANZ economists say the bulk of mortgage interest rates falls has likely ended, barring any major surprises.

The flow through of lower mortgage rates
Although carded one- and two-year fixed mortgage rates are now about 200 basis points (bp) below last year’s high the vast majority of lower mortgage rates have yet to flow though.

‘Not good enough’: Why don’t banks pass on the OCR cut instantly?
The central bank has cut the Official Cash Rate, so why don’t banks pass it on instantly in their mortgage rates? Explainer Editor Lloyd Burr tries to find some answers.

‘If the number has a 4, take it’ ? home loan advice when we don’t know what Trump, or the world, will do next
Economists agree another drop in the official cash rate this week is a near-certainty. So what about your mortgage then?

Solution could be in the wings
After a “constructive meeting” with new Commerce and Consumers Affairs Minister Scott Simpson, FAMNZ country manager Leigh Hodgetts says he seems to understand the Commerce Commission’s insistence on mortgage advisers presenting three completed offers to borrowers will create chaos.

Alarming acceptance of liar loans
More than half of Kiwis under 25 think it is acceptable to inflate their income on mortgage and consumer credit loan applications.

Longer-term mortgage rates fashionable again
Mortgage borrowers nearly 18-month love affair with floating and short-term fixed rates appears to be all but over.

Problem mortgage stockpile grows
While the country’s mortgage stock rose by $1.9 billion in March, the number of problem mortgages also rose by $61 million to $2.4 billion and withdrawals from KiwiSaver on hardship grounds reached a record monthly high.

Mortgage borrowing hits a new high
Borrowers signed up for $8.5 billion in new mortgages last month – up 45.2% from $5.8 billion in February and up 40.7% from $6.035 billion March last year, the latest Reserve Bank data show.

Major banks trim mortgage rates
One-year special rate is now under 5%.

Mortgage adviser charged with dishonesty
A mortgage adviser who allegedly submitted a false gifting certificate for a client’s home loan application has been charged by the FMA with dishonestly using a document.

Advisers to be educated on lending for businesses
Newly minted HomeSec New Zealand manager Ziggy Munz is confident residential mortgage advisers will be able to add another arrow to their lending bow after an education programme he is planning.

Silver lining of Trump tariffs: lower mortgage rates?
Amidst the doom and gloom of the Trump tariff storm could be the silver lining of mortgage rates getting lower, quicker. Explainer Editor Lloyd Burr takes a look.

Borrowers behind in mortgage payments ebbing
As the country crawls out of recession, mortgage arrears have dropped slightly.

Interest rates expected to plateau soon
A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.

Aggregators should be pushing back on banks
Mortgage advisers have a lot more power than they realise when it comes to banks pushing out mortgage application times.