Kiwibank has cut its fixed rates loans in a two-week marketing campaign aimed at attracting borrowers refinancing from loans fixed two or three years ago.

All the major lenders have now put their floating rate loans up to 10.05% following the latest increase in the official cash rate (OCR) to 7.75%.

Homeowners who are paying their mortgages fortnightly in the belief that they will save thousands of dollars over the long term will be disappointed unless they have their loans set up correctly.

Floating rate mortgages have, as predicted, broken the 10% barrier following the latest rise in the Official Cash Rate (OCR) to 7.75%.

Weekly Home Loan Report: Mortgage rates may be flattening out after a period of sharp increases.

New Zealand’s mortgage broking industry could be facing a crisis as banks confirm that they are preparing to cut the commissions they pay brokers.

New research shows that mortgage brokers are increasing their share of the home loan market.

Weekly Home Loan report: Fixed rate mortgages are moving upwards fast, with some lenders increasing rates more than once in recent weeks.

Homeowners and property investors will shrug off the latest rise in mortgage rates.

Weekly Home Loan Report: There has been a relentless parade of homeloan rate increases over the past week as lenders have responded to the increase in the official cash rate and to events in international markets.

Mortgage companies that loosen their lending rules to gain market share may turn credit worthy borrowers into high risk customers who default, warns Mark Bouris, chairman of non-bank lender Wizard Home Loans.

Tasman Mortgages has become the second non-bank lender to market a homeloan for Muslims.

Weekly Home Loan Report: Lenders have started to push up the cost of home loans following the increase in the official cash rate from 7.25% to 7. 5% last Thursday.

Argosy Property Finance, a non bank lender is launching a mortgage that reduces loan repayments by adding part of the interest to the outstanding debt.

Home Loan Report: “It’s not all about rate,” is a message that mortgage advisers are keen to emphasise to borrowers seeking a homeloan.

Weekly Home Loan report: As the cost of fixed rate loans continues to rise borrowers might be well advised to consult several lenders and brokers before settling for a deal.