ASB pulls low deposit loan offers
ASB Bank has cancelled all pre-approvals for home loans over the 80 per cent loan to value ratio with effect from October 4.
ASB Bank has cancelled all pre-approvals for home loans over the 80 per cent loan to value ratio with effect from October 4.
Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.
A man who admitted charges over a Kiwibank scam fully accepted that "it wasn't the tooth fairy" who put $5000 in his account
Banks have already started tightening up their lending criteria for customers seeking low-deposit mortgages, despite new regulations not kicking in until next month.
Bond markets have undergone a sea change during the last few months, say fixed interest specialists.
I love nostalgia. Everything seems better viewed through the prism of the past. Big events certainly seem less terrifying.
Young people are making mortgage inquiries at a record rate to beat home-loan restrictions which begin on October 1, a credit bureau says.
There's been a big jump in the number of younger people trying to get mortgages ahead of new Reserve Bank low-deposit lending rules, says credit agency Veda.
The case for higher interest rates gained more weight today after subtle shifts in the Reserve Bank's language were interpreted as being more hawkish.
The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow, but with a rise as the next best option.
Australian job advertisements are almost at their lowest point since the global financial crisis.
Kiwibank has hiked two of its fixed mortgage rates for people who have deposits of less than 20 per cent.