Jenny Ruth

1 week ago | goodreturns.co.nz | Jenny Ruth

Only a small amount of the two percentage point cut in the official cash rate (OCR) since August last year has fed into weighted average mortgage rates so far, according to the Reserve Bank. Thursday, May 8th 2025, 8:40AMby Jenny RuthOnly a small amount of the two percentage point cut in the official cash rate (OCR) since August last year has fed into weighted average mortgage rates so far, according to the Reserve Bank.

1 week ago | goodreturns.co.nz | Jenny Ruth

House prices and rent increases are likely to be restrained in the near term because of the softness of the housing market, the Reserve Bank says in its latest financial stability report. Wednesday, May 7th 2025, 10:49AMby Jenny RuthHouse prices and rent increases are likely to be restrained in the near term because of the softness of the housing market, the Reserve Bank says in its latest financial stability report.

1 week ago | goodreturns.co.nz | Jenny Ruth

Foundation Life’s shareholders say they “share our policyholders’ frustration” at the time it has taken to finalise a plan to wind up the near $500 million business while giving policyholders choices about whether to take cash, swap for new policies with greater benefits or a combination.

1 week ago | goodreturns.co.nz | Jenny Ruth

Mortgage advisers accounted for about 64% of the net new mortgages Westpac New Zealand wrote in the six months ended March. Tuesday, May 6th 2025, 9:36AMby Jenny RuthMortgage advisers accounted for about 64% of the net new mortgages Westpac New Zealand wrote in the six months ended March. That’s a slight increase from the 63% for the year ended Sept 30. “We think brokers are a really important part of the market.

1 week ago | goodreturns.co.nz | Jenny Ruth

Westpac New Zealand sped up its pace of mortgage lending in the six months ended March, adding $1.51 billion in net new mortgages after growth of only a third of that in the previous six months ended September. Monday, May 5th 2025, 12:19PMby Jenny RuthWestpac New Zealand sped up its pace of mortgage lending in the six months ended March, adding $1.51 billion in net new mortgages after growth of only a third of that in the previous six months ended September.