ASB has become the latest bank to reverse its forecast for a negative official cash rate.

Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge. 

Interest rates will remain at historic lows for the next two years and banks will become more receptive to new customers this year, predicts economist Tony Alexander.

Consilium has launched its new KiwiWRAP KiwiSaver Scheme is registered and is accepting adviser applications.

ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.

ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.

Mortgage advisers predict there will be little progress made on turnaround times this year, as processing times continue to deteriorate across the industry. 

Mortgage lending jumped to $9.2 billion in November – $1.5 billion more than the previous record monthly total – according to new Reserve Bank data.

Westpac has launched the lowest ever big four bank rate, unveiling a new one-year mortgage at 2.29%.