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Westpac says more mortgage customers face higher rates

Westpac says more mortgage customers face higher rates

Westpac New Zealand says about 88% of its mortgage customers have already rolled over to fixed-term rates of 5% or higher and that 54% are paying interest rates between 5% and 7%.

Jenny Ruth

Tue, Nov 7th 2023 06:00AM

TSB names new CEO

TSB names new CEO

Westpac's mortgage lending slowed in the second half

Westpac's mortgage lending slowed in the second half

Mortgage advisers to be offered another association choice

Mortgage advisers to be offered another association choice

Migration, higher rents and mortgage rates

Migration, higher rents and mortgage rates

New app for borrowers

New app for borrowers

Former mortgage adviser pleads guilty to dishonesty offences

Former mortgage adviser pleads guilty to dishonesty offences

RBNZ coy on DTIs but plans public consultation

RBNZ coy on DTIs but plans public consultation

Mortgage defaults to rise over the next year

Mortgage defaults to rise over the next year

Household financial stress likely to grow: RBNZ

Household financial stress likely to grow: RBNZ

Struggles with debt for most Kiwis

Struggles with debt for most Kiwis

New Zealand households more exposed to mortgage defaults

New Zealand households more exposed to mortgage defaults

No loosening of high OCR settings

No loosening of high OCR settings

Interest payments on mortgages soar

Interest payments on mortgages soar

Specious arguments from big banks need to be taken down - Habilis

Specious arguments from big banks need to be taken down - Habilis

Recovery in mortgage lending expected in next six months

Recovery in mortgage lending expected in next six months

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