Three major banks cut mortgage rates
Westpac, Kiwibank and ASB have all made cuts to some of their mortgage rates today, as the mortgage war heats up.
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Big banks keep cutting interest rates
BNZ has cut a key mortgage rate this morning, following rate cutting by other banks on Saturday morning.
Westpac says 'time to fix', ANZ says wait
Westpac Banks says it's time to fix mortgages, ANZ says it's best to wait a bit.
ASB Bank reports record $372m profit - up 31pc
ASB Bank has reported a record $372 million statutory net profit for the six months to December 31, up 31.3 per cent.
Big banks relaxing mortgage rules
The big banks are increasing the amount of residential mortgages they're writing with loan to value ratios (LVRs) in excess of 80 per cent, after tightening home loan lending ratios during the global financial crisis.
Struggle to tackle property addiction
Major political parties' lack of policies to redress our love affair with housing has bred frustration in economic circles.
Economy on the mend, but global threats loom, says NZIER
New forecasts from the NZIER say the economy is growing slowly this year and keep growing next year, but exports are threatened by a potential global slowdown.