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New Zealand Mortgages

MORTGAGE RATES DROP IN PRICE WAR

Home loan interest rates are being cut as the mortgage price war heats up again, with predictions that interest rates could fall further by 2008.
Ref. https://www.stuff.co.nz/hlc/1,,93498~3816293a10~,00.html

Mortgages Zealand New

Even with those cut backs it seems that higher prices generally will make it difficult for anyone in New Zealand to manage regular purchases let alone a Mortgage.

New Zealand Mortgages History & Civil Business Politics

$335,000 AVERAGE HOUSE PRICE A RECORD HIGH

House prices have reached a record high, with Kiwi houses selling for an average of $335,000 in February.
Ref. https://www.stuff.co.nz/hlc/1,,93498~3995263a10~,00.html

Mortgages Zealand New

SURVEY SHOWS CRISIS IN HOME AFFORDABILITY

Research shows it is now almost impossible for an average wage earner to buy a house.
Ref. www.stuff.co.nz/hlc/1,,93498~4007765a10~,00.html

Mortgages Zealand New

Mortgage inquiries dip

Wary first-home buyers have recoiled from a cooling housing market, while economic pressures have boosted loan defaults by members of Generation Y.
Ref. https://www.stuff.co.nz/4425497a10.html

New Zealand Mortgages

Mortgages tipped to top 10 per cent

Bruised homeowners should be bracing for higher mortgage costs as the global credit crisis deepens.
Ref. https://www.stuff.co.nz/4444431a10.html

New Zealand Mortgages

Tax cuts blamed for mortgage rate rises

Big banks are pushing up some fixed mortgage interest rates and deposit rates, blaming bigger-than-expected tax cuts announced last week.
Ref. https://www.stuff.co.nz/4562312a10.html

New Zealand Mortgages Politics Business Civil & History

Bonus for borrowers

Home loan interest rates are being slashed to their lowest levels in four years, giving some borrowers a boost worth thousands a year, but savers are facing a hefty cut on deposit rates. Ref. Source 8