Activity in the housing market has already peaked although housing construction should remain strong for the rest of this year, Deutsche Bank says.

Real Estate group Harcourts has sold 50% of Mortgage Express to Perpetual Trust for an undisclosed sum.

The numbers for the past quarter and year are starting to roll in and they look ugly.

Activity in the housing market has already peaked although housing construction should remain strong for the rest of this year, Deutsche Bank says.

Some of the major banks are adopting an age-old retailers' strategy.

Retail sharebroking firms are taking different approaches to the mortgage business.

Kiwibank chief executive Sam Knowles says that banks with floating rates of 8% are making excess profits.

People have opted for houses instead of shares, because of poor market returns.

Houses are becoming less affordable, but the market is still positive, surveys show.

WestpacTrust sets its floating rate at the extreme upper limit.

ANZ Bank’s $300 million bond issue, which opens today, is unique in several respects.

The Reserve Bank has raised its Official Cash Rate (OCR) from 5.5% to 5.75%, but has also signalled that further increases are less likely than it was indicating in May.

The Reserve Bank has raised its official cash rate (OCR) from 5.5% to 5.75% but has also signalled that further increases are less likely than it was indicating in May.

Retail sharebroking firms are taking different approaches to the mortgage business.

Markets betting on the Reserve Bank raising interest rates this week, and in its subsequent review.