I'm Bernard Hickey from interest.co.nz with 90 at 9 with ASB Home loan affordability deteriorated in April by the most in a year It now costs more than 55% of after tax pay to afford the mortgage on a median house. That's because interest rates rose and house prices rose in April This could be a spanner in the works for the rebound in the housing market many are relying on Meanwhile, the Sunday Star Times reports that NZ$500 mln of loans is exposed in 5 Blue Chip developments that are now locked up in the courts. This includes NZ$351 mln owed to Westpac, the newspaper says In Europe, GDP fell 2.5% in the March quarter and is falling at an annualised rate of 10%, which is depression sized US and NZ retail sales have also fallen This is 90 at 9 in association with ASB