Originally posted by eri
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Originally posted by Meehole View PostDrelly Fishers Jewellers is fabulous and there's only one shop. You haven't been dragged there yet? :-)You can find me at: Energise Web Design
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5.2% 5 Years with BNZ
Large mortgage.
Relatively small nett fee to break and re-fix existing mortgage.
Broke 2 years into an existing 5 year fix.
Save about 22k a year.
Note: Fixing ahead of any RB MP tools coming out this year, and before an improving US economy affects longer term rates.
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Originally posted by chrisgoh View PostWith the new rules in place for property investors, RB set to reduce OCR next month?
From what I have deduced.
OCR only influences short term rates mostly.
The long term rates here in NZ are dictated by US rates.
So I can only see increasing long term rates when the RB forces banks to keep more capital for property investors, mid to end this year.
And I know we have heard this many times.
But several of the key economists are predicting that those US rates will possibly start rising latter THIS year.
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Originally posted by chrisgoh View PostWith the new rules in place for property investors, RB set to reduce OCR next month?
They really want to but are worried about the affect it would have on the Auckland property market.
Long rates will probably increase when the Fed finally does start buying their money back (removing the money they pumped in over the last few years).
They seem to be having fits and starts on this.
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Originally posted by Bluekiwi View Post5.2% 5 Years with BNZ
Large mortgage.
Relatively small nett fee to break and re-fix existing mortgage.
Broke 2 years into an existing 5 year fix.
Save about 22k a year.
Westpac - break 4 years at 6.9 and saving over 4 years is only $9k, seems worth it
3 years at 6.69% and saving only $2k - marginal really.
I get the impression they don't want me to break!
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