No deposit needed for a $150,000 mortgage loan - 2004-02-28
More low income earners will be eligible to purchase their own homes under modifications to Kiwibank's no-cash mortgage scheme.

When it was launched six months ago, people without deposits could borrow up to only $100,000 -but it was hard to find such a cheap house.

Housing Minister Steve Maharey yesterday increased the threshold to $150,000. He said the move recognised the housing market had changed since the trial began.
Read the full story at stuff.co.nz

Listing service posts drop in house sales - 2004-02-28
The number of houses sold in January decreased by almost 5 percent from the same time last year.

In January, the average rate of a 30-year mortgage in the country ranged from 5.64 percent to 5.87 percent, according to Freddie Mac, which follows such trends. During January 2003, the average rate ranged from 5.90 percent to 5.95 percent.
Read the full story at Fayetteville Online