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15 Aug 2022 12:37
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  •   Home > News > Business

    Falling interest rates could inject a bit more life into the housing market

    Falling interest rates could inject a bit more life into the housing market


    BNZ and Westpac have both followed ANZ in cutting mortgage rates, following the recent drop in the cost of wholesale funding.

    Their moves come ahead of an OCR review next Wednesday.

    NZIER Principal Economist Christina Leung says the change won't stop the housing downturn, but it will slow it.

    © 2022 Newstalk ZB, NZCity

     Other Business News
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     15 Aug: NZ Rugby boss defends lack of certainty about All Blacks coach's future
     14 Aug: A warning to Kiwi investors about the dangers of misleading cryptocurrency offers
     14 Aug: Despite ongoing lockdowns, China's demand for beef is expect to stay strong for the rest of the year
     13 Aug: A milestone birthday for our Interislander ferry service
     Top Stories

    RUGBY RUGBY
    All Blacks coach Ian Foster expects to get endorsed to lead the team to the next World Cup, starting next September More...


    BUSINESS BUSINESS
    Restaurants say the commission charged for food delivery can make it impossible to turn a profit More...



     Today's News

    Entertainment:
    Anne Heche's heart is being kept beating after the actress was dec lared brain dead and legally dead so her organs can be kept functioning and harvested for donation 12:12

    Rugby:
    All Blacks coach Ian Foster expects to get endorsed to lead the team to the next World Cup, starting next September 12:09

    Health & Safety:
    Manchester City bans sunscreen at Etihad Stadium, shocking cancer charity 12:09

    International:
    Freya the boat-climbing walrus euthanased by Norwegian authorities 11:49

    Entertainment:
    Anne Heche has died days after being involved in a fiery car crash 11:42

    Living & Travel:
    Live updates: Sydney Airport hit with delays, fears of threat to FBI after Trump raid, and a Cameron Smith penalty 11:19

    Entertainment:
    Michelle Branch has been charged with domestic violence against her husband Patrick Carney less than a day after she announced they were splitting following three years of marriage 11:12

    Environment:
    The north west of the South Island is back in the firing line, with more wild weather on the way 11:09

    Law and Order:
    A man has been arrested, after entering an Auckland gym wielding a knife, forcing gym-goers to flee for their lives 10:49

    Entertainment:
    Katie Price claims she is still with fiancé Carl Woods 10:42


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