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9 Aug 2022 10:16
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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

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    Meanwhile Wellington have escaped defeat at the hands of a surging Bay of Plenty Steamers outfit in the capital, 37-35 More...


    BUSINESS BUSINESS
    Food prices are set to keep rising More...



     Today's News

    International:
    Olivia Newton-John, star of Grease, dies aged 73 9:59

    Entertainment:
    Nicola Peltz has targeted people who "make you feel bad" in an emotional online post amid rumours of a feud with Victoria Beckham 9:52

    Business:
    Food prices are set to keep rising 9:29

    Entertainment:
    Jane Fonda credits Jennifer Lopez with resurrecting her career after she went 15 years without landing a role 9:22

    Entertainment:
    Magnum P.I. actor Roger E. Mosley has died 8:52

    Entertainment:
    Alec Baldwin and Rosanna Arquette are being slated for posting messages of support to "brave" Anne Heche after she "drunkenly" ploughed into a house at up to 90mph 8:22

    Law and Order:
    A man has been arrested over the death of a woman at Cambridge 8:19

    Environment:
    Flooding is being reported in and around Puhoi, following a night of heavy rain across Auckland 8:09

    Politics:
    Scholarships are being rolled out to get working age people back to the West Coast 7:59

    Entertainment:
    Kim Kardashian reportedly ended her nine-month relationship with Pete Davidson over his "immaturity" 7:52


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