News

8 percent mortgage rate threat passes

Homeowners have been spared the threat of mortgage rates above 8 per cent, as the Reserve Bank continues to hold back on interest rate hikes. The central bank kept the official cash rate (OCR) on hold at 3.5 per cent, as was widely expected.

Read More »

No probe into interest-only loans

Up to a quarter of Kiwi mortgages are interest-only loans. But the Commerce Commission says it has no plans to investigate interest-only loans, as Australian regulators crack down on the products fuelling a property investment boom.

Read More »
Scroll to Top