New lending restrictions to prevent people borrowing too much relative to their income are on the cards.
The kiwi dollar has jumped 1.3 per cent after the Reserve Bank left rates on hold this morning.
So interest rates stay at a record low - does this mean mortgage rates are going to fall?
Mortgage Rates Provided by Interest.co.nz
|ANZ||1 year fixed||4.75%|
|ASB||1 year fixed||4.69%|
|BNZ||1 year fixed||4.25%|
|Kiwibank||1 year fixed||4.70%|
|Westpac||1 year fixed||4.79%|
Oil broke through US$50 ($75) a barrel last week for the first time since October.
The New Zealand dollar gained from a two-month low.
This country would benefit from many more people, and better preparation for their arrival.
Auckland's housing situation is as bad as Christchurch post earthquake, Minister of Economic Development Steven Joyce says…
Savings Rates Provided by Interest.co.nz
The Reserve Bank has softened the policies it's looking at imposing for banks that outsource some of their services.
A majority of Kiwis believe they are being over-charged by their bank for fees and other charges, a survey by Consumer New…
About 80 per cent of residential subdivisions get some or all of their funding from one of the four main banks, one sector…
It's the lowest rate since the bank began in 2002, and the first rate from a major bank under 4 per cent.