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  • "I had a dream" (& surely there must be more interesting things to be dreaming about) that NZ mortgage interest rates were at 4.3% in the near future. Times are still changing, worldwide.

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    • Sub 5% floating is now available

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      • makes you wonder why westpac raised their choices floating rate today????
        Last edited by north shore; 01-10-2012, 07:23 PM.

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        • As long as the NZ dollar is so high, there's no way rates are going to rise. How bad are things going to get in the US? They're printing more money and they have nowhere to go with interest rates. If it gets worse for them, we could see parity with the US$. I think we need more activity in the Armageddon thread!
          You can find me at: Energise Web Design

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          • Originally posted by SwissKiwi View Post
            Sub 5% floating is now available
            Really?, where abouts?

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            • Originally posted by dandan View Post
              Really?, where abouts?
              If you were a good client of NBNZ who they didnt want to loose through the rebranding nonsense.

              And if NBNZ offer it - there are probably others who will if you really twist their arms - try complaining about their service while twisting.

              Works for me.

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              • 2/10/12

                ASB cuts fixed mortgage rate

                ASB Bank has dropped its two-year fixed home loan rate from 5.45 per cent to 5.25 per cent, the lowest non-special rate on the market.

                And as an added sweetener to try and coax new customers across to its home loan deals, the bank is offering a free ******* Galaxy tablet and up to $1000 cash.

                Customers who lock in to the deal will get a free tablet computer, which currently retails between $500 and $600. The $1000 cash is available on new lending of $250,000 and over, and $500 for lending over $100,000.

                ASB retail products and strategy general manager Shaun Drylie said the reduced rate was part of the annual spring home loan campaign, which marks the traditional increase in house sales during warmer months.

                He said new and existing customers who fixed more than $100,000 of their mortgages for the next three to five years would also receive a free ******* Galaxy tablet.

                ASB's latest attempt to win market share extends the latest round of rate cuts and promotions sparked by Kiwibank last Thursday.

                The state-owned bank dropped all its rates of two years and under to 4.99 per cent, although the special deal requires customers to have 30 per cent equity in the property.

                ANZ, which had just announced the axing of its National brand, quickly followed suit with its own special of 4.95 per cent for six month and one year loans, conditional on 20 per cent equity.

                TSB Bank had the best advertised two-year rate prior to ASB's cuts on Monday. It also launched a campaign last week to win over disgruntled National bank customers, offering new customers $1000 towards legal costs, no application fee and a credit card loaded with $500.

                The majority of mortgage lending is still floating rather than fixed, which means most consumers are able to switch lenders without getting slammed with hefty break fees.
                Come on ASB!!! You can do better than that.
                Patience is a virtue.

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                • I got one year fixed interest only at 4.95% from ANZ yesterday.

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                  • That is the rate listed on their website...

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                    • Is anyone getting offered better than 5.99% for a 5 year rate?

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                      • Originally posted by SwissKiwi View Post
                        Is anyone getting offered better than 5.99% for a 5 year rate?
                        Everyone should be soon, hopefully, surely rates can't hold out this high for much longer.

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                        • Business NZ lobbing RBNZ hard for a cut in the news today.

                          I have 3yr offered at 5.5 but I think 3yrs out is the danger zone.

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                          • Originally posted by flyernzl View Post
                            I got one year fixed interest only at 4.95% from ANZ yesterday.
                            Gah, this makes me mad! I'm an ANZ customer and the best they will give me, on my apartments in Papakura is 5.7%.

                            Will be leaving them shortly.
                            Squadly dinky do!

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                            • Originally posted by SwissKiwi View Post
                              Is anyone getting offered better than 5.99% for a 5 year rate?
                              Who would thought a year ago that there would ever be a 5 year rate around 6% aye.
                              Unbelievable.

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                              • Originally posted by Bluekiwi View Post
                                Who would thought a year ago that there would ever be a 5 year rate around 6% aye.
                                Unbelievable.
                                Next year there would be a 5.5% for 5 years.

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