Bruce Patten
All major banks lower home loan interest rates
All major banks have responded to the latest cut to the official cash rate, lowering a raft of their home loan interest rates. Loan Market mortgage advisor Bruce Patten spoke to Paddy Gower. Audio
Reserve Bank to review OCR
The Reserve Bank is reviewing the official cash rate day - some economists are picking it'll drop rates for the first time in more than four years. Loan Market director Bruce Patten spoke to Ingrid… Audio
People can only manage for so long - mortgage broker
A mortgage broker says people can only manage for so long, with an increasing number feeling the strain. Mortgage rates are starting to fall in the face of weaker than expected inflation figures… Audio
Financial reform changes win for 'mum-and-dad' borrowers
The Government says it wants to enable "Kiwis to access finance with confidence", and an Auckland mortgage adviser thinks it's a win for mum-and-dad borrowers. Bruce Patten from Loan Market spoke to… Audio
Mortgage holders nervously wait for Reserve Bank OCR announcement
The wait is nearly over for mortgage holders nervously wondering if they are in for another hike in interest rates.
The Reserve Bank will today announce whether it will lift the official cash rate… Audio
Mortgage broker warns of tough year ahead
A leading mortgage broker is warning that the coming year could be the toughest for many people in a decade or more.
Inflation has slowed to its lowest rate in more than two years, but domestic price… Audio
Increasing number feeling mortgage pressure says broker
The Reserve Bank says most households are managing higher mortgage repayments and the banking sector is strong.
That information in its Financial Stability Report released on Wednesday.
It said by… Audio
ASB and Kiwibank hike home loan rates
Just when people thought mortgage rates were on the way down, ASB and Kiwibank have hiked up their home loan rates.
With its 1-year fixed-term rate up 20 basis points to 7.25 percent, ASB now has the… Audio
Rate hike to cause 'real pain' for borrowers
The Reserve Bank yesterday raised the Official Cash Rate by 50 basis points to 5-point-25 percent - a bigger jump than expected.
It says this will help keep mortgage and lending rates at their… Audio
Official Cash Rate rises expected to hit homeowners
Inflation numbers released by Stats NZ on Tuesday could have a big impact on homeowners next year, with the Official Cash Rate now expected to rise above 5 percent.
Loanmarket director Bruce Patten… Audio
OCR hike adds strain for homeowners
Some homeowners are feeling a heavy strain as a result of interest rate hikes, with the Official Cash Rate lifted a further 50-basis points yesterday, to 3.5 percent.
The hike was expected, and is… Audio
Mortgage broker on predicted Official Cash Rate rise
Home loan interest rates are likely to rise after a predicted rise in the official cash rate this afternoon.
The OCR is widely expected to rise by 50 points, to 2.5 percent.
Mortgage advisor Bruce… Audio
OCR to rise, other rates to follow
Shorter-term mortgage rates look to rise on the back of today's expected rise in the official cash rate. Loan Market mortgage advisor Bruce Patten spoke to Susie Ferguson. Audio
Some caught out by cooling house prices
Small-time developers or builders trying to make a buck will most likely be the ones left in the lurch as house prices look to be cooling.
Data from Corelogic shows while year-on-year growth remains… Audio
Building supplies issues impact house prices
Builders are refusing to offer fixed prices on jobs because of escalating prices and a critical shortages of materials.
Mortgage brokers says banks favour fixed price builds, so getting finance could… Audio
LVR rules back but industry skeptical it will cool the market
The Reserve Bank's restrictions on home loans kick in from today but those in the industry don't believe it will do much to cool the market.
Loan to Value ratios were temporarily lifted in the wake… Audio
Government wants to cool housing market, but how?
Late next month the Government will announce initiatives designed to cool the property market and help first homebuyers.
Last year, Finance Minister Grant Robertson sought advice from Treasury and… Audio
Property investor and mortgage broker on superheated housing market
More now on the Reserve Bank being accused of adding pressure to an already stretched housing market.
The bank is planning to pump another $28 billion dollars into the economy over the next couple of… Audio
Expert Feature: Getting on the Property Ladder
Our expert topic this week is buying a house and Bruce Patten, a director of Auckland mortgage brokerage, Loanmarket describes what to look out for. Audio
Housing market keeps booming while thousands take mortgage holidays
Warnings the housing market is overcooked have not stopped people rushing to the bank to borrow huge sums.
As borrowing hits a record high, economists are warning the housing market is out of control… Audio
