Christchurch, New Zealand
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Category: Mortgage

Falling interest rates

Falling interest rates have had a bigger impact on mortgage payments than they have on house prices, leaving first home buyers better off overall, particularly in Auckland First home buyers in almost all parts of the country have benefited significantly from the sharp fall in mortgage interest rates since the COVID lockdown in March, particularly in…
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Waiting for mortgage approval? You’re not alone

Rock-bottom interest rates mean the housing market is booming, bank staff are coping with a barrage of Covid-related customer enquiries, and are nervous about giving mortgages to people who might lose their jobs or their businesses. That adds up to frustratingly long waits for customers wanting a home loan. Once upon a time, it was…
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