Tagged Blog Articles
No change in OCR in face of considerable uncertainty
The Reserve Bank has confirmed last week that there is no cause for change to the current setting of the NZ OCR (Official Cash Rate), which remains at 1.75%. Here's our take on the current economic climate.
Is this the bottom of the current interest rate cycle?
The Reserve Bank is due to announce another Monetary Policy Statement ion November 10, just following the USA election results. What might this mean for our interest rates?
Five trends of tougher lending criteria
How has tougher home loan lending criteria impacted buyers and vendors over the last few months? Five trends we've seen.
Tighter LVR rules already in effect for property investors
The new LVR rules mean that available lending on a rental or investment property is now restricted to 60% of the property’s purchase price or value. Borrowers can continue to seek up to 80% lending against their owner occupied property. In some cases, the Bank’s will be able to consider exceeding these limits, but it is very much on a case by case basis.
OCR changes and what they mean to you
Home Loan borrowers got another boost from the banks last fortnight with the Reserve Bank announcing another reduction in the OCR.