BNZ increased 2 yr fixed mortgage rate to 9.69%

BNZ increased 2 yr fixed mortgage rate to 9.69% Welcome to interest.co.nz’s morning briefing of what’s news here and around the world. Everything you need to start the day in 90 seconds at 9’oclock…. Starting now With news that the Bank of New Zealand has increased its fixed mortgage rates. This completes the set of big banks that have passed on higher wholesale funding costs to customers in the last couple of weeks. BNZ increased…

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TREB Continues Call for Reconsideration of Mortgage Stress Test

TREB Continues Call for Reconsideration of Mortgage Stress Test TREB Continues Call for Reconsideration of Mortgage Stress Test & 30 Year Amortization TREB is continuing to call for a review and reconsideration of the current mortgage underwriting “stress test” imposed by the Office of the Superintendent of Financial Institutions (OFSI) Guideline B-20, as well as 30-year amortizations for federally insured mortgages. The test is requiring home buyers in the GTA to qualify to pay an average…

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