Only a few months back 4.99% fixed for 3 years looked like an appealing interest rate whereas now 5.99% fixed for 3 years (minimum 20% equity requirement) is a market leading offer from Kiwibank for the same advertised period, changing times!
Announcement
Collapse
No announcement yet.
Interest Rates
Collapse
X
-
Originally posted by Equilibrium View PostOnly a few months back 4.99% fixed for 3 years looked like an appealing interest rate whereas now 5.99% fixed for 3 years (minimum 20% equity requirement) is a market leading offer from Kiwibank for the same advertised period, changing times!Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
My Website
Be informed - register for our free monthly newsletter
Comment
-
Originally posted by Equilibrium View PostOnly a few months back 4.99% fixed for 3 years looked like an appealing interest rate whereas now 5.99% fixed for 3 years (minimum 20% equity requirement) is a market leading offer from Kiwibank for the same advertised period, changing times!
Now Westpac say (just this week), that both floating and longer term rates are much of a muchness reflecting where rates are expected to go.
Comment
-
Originally posted by mortgage broker View PostAnd people are still not fixing long term - human nature is amazing
Comment
-
Originally posted by speights boy View PostYou were right re the spring specials.
ASB's 6 month rate increases by 60 basis points.
They have also raised their Term Deposit rates.
ASB mortgage rate changes
always a good thinghave you defeated them?
your demons
Comment
-
Originally posted by Bob Kane View PostYup - I'm still floating.
That will be music to the Governor's ears.
OCR set to rise but extent still unclear
But the question was, he said: "What average might we expect interest rates to head towards when we do eventually start to increase the OCR, and when would we expect to reach that level?"
He did not answer the question directly, instead choosing to expound on what he called the "neutral interest rate", which he defined as the rate which would neither stimulate nor restrict the economy.
McDermott said: "Our projections suggest the level of the nominal 90-day interest rate that achieves this is about 4 per cent."
Comment
-
John Key has a big problem for an election year.
LVR restrictions; plus he has been told rates will rise unless these restrictions bite.
Meanwhile, every day cashed up new migrants and non-resident foreigners buy existing properties without restrictions.
NZ dollar jumps after Wheeler warns rates may rise more rapidly if LVR limits fail
Comment
-
Originally posted by speights boy View PostJohn Key has a big problem for an election year.
LVR restrictions; plus he has been told rates will rise unless these restrictions bite.
Meanwhile, every day cashed up new migrants and non-resident foreigners buy existing properties without restrictions.
NZ dollar jumps after Wheeler warns rates may rise more rapidly if LVR limits failYou can find me at: Energise Web Design
Comment
-
Originally posted by drelly View PostWheeler is bluffing!
However:
I've played enough poker to learn one important lesson.
If you are looking around the table wondering who the patsy is.............
.........you're the patsy.
I've covered my bets, so I'm merely a very interested spectator.
RBNZ sees mortgages at 8pc
Comment
-
Originally posted by flyernzl View PostHave just be offered refinance on an existing interest-only:
6 months: 4.95%
1 year: 5.19%
18 months: 5.59%
2 years: 5.75%
3 years: 6.30%
4 years: 6.70%
5 years: 6.90%
Floating rate: 5.54%
who know's where they'll be in a year though...
Comment
-
Originally posted by dandan View Post"BNZ raises all fixed mortgage rates for terms of 3 to 7 years aligning them with rivals, despite declining wholesale rate pressure"
http://www.interest.co.nz/property/6...s-despite-decl
This might be the last chance for people to fix long term at a high rate.
There's a mass media campaign going on to spook everyone to lock in for a long term.
Comment
-
Could be Bob, but sometimes this can become a self fulfilling prophecy, if this is the case lets hope it does not last till underlying wholesale rates move up drastically; leaving all of us in the hands of Mr Wheeler.Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
My Website
Be informed - register for our free monthly newsletter
Comment
Comment