Latest from Mortgages

Lending to investors grows

Investors took out nearly $2 billion in mortgages in a month, the latest statistics show - 33 per cent of all new lending.

Run your way to cheaper mortgage

For many Kiwis, paying off a mortgage is a marathon effort - but on November 1, 10 lucky Auckland Marathon runners will have the chance to run down their rate

'Liar loans' are back in the US

Years after the great housing bust, so-called liar loans - made without verifying people's finances - are creeping back into the US market.

QV reveals speculator spike

An Auckland mortgage expert warns that speculators are driving up house prices, making it harder for first home buyers who are getting regularly outbid.

Another way to beat bank savings' rates

Investors will soon have another option when it comes to beating the savings' rate on money in the bank.

House sold over unpaid rates bill

Auckland Council contacts police over claims homeowner, whose house was sold by mortgagee sale today, has been paying rates to unregistered Maori authority.

Mike Pero bust-up hits High Court

Seven former Mike Pero Mortgages' franchisees have taken High Court action over restraint-of-trade obligations.

Liam Dann: It's time for rest of economy to shine

The tide has turned on the economic boom. The slump in dairy prices has once again laid bare the vulnerabilities of a commodity-dominated economy.

Friends club together to afford a house

As the average price of an Auckland home hits over $800,000 more people are turning to friends to help them get into the property market.

Property Report: Myths about mortgages busted

Sixty is the new 50 even when it comes to mortgages.

Marked drop in mortgagee sales

Banks foreclosed on more than 700 properties in the last year when financially strapped homeowners could no longer afford repayments.

ASB follows suit, cuts mortgages

ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.

Why you'll pay less on your mortgage

Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.

Mortgage rates slashed

ANZ and KiwiBank have cut their mortgage rates as speculation grows the Reserve Bank will cut the OCR.

Paying to chase cheap money

The number of mortgage holders paying break fees to cash in on near record-low interest rates has jumped, with some homeowners saving thousands from the switch.

'Gravitational pull' counters lending rules

New lending rules targeting Auckland residential property investors will cool the market - but the city's "gravitational pull" will counter any impact, John Key says.