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  • #16
    I am going with "scare tactics". Scaring the bank back into issuing press release announcements of rate rises, replete with correct, rather than scarily overblown, figures!

    Ellie

    BTW: Which are the three banks with the best customer relations?

    Comment


    • #17
      Hi Guys

      ANZ moved interest rates tonite.

      Floating rate is up to cover Westpac.

      However they have moved 2, 3, 4 & 5yr fixed rates down.

      Anybody for chess?

      Check out the latest rates on:
      http://www.interest.co.nz/mortgages.html

      Regards
      "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

      Comment


      • #18
        The short answer is to
        a) lock in for a bit longer in the first place (and take a gamble that rates will rise)
        b) budget your repayments on 2 points higher than you are paying already (thereby reducing principal quicker or saving a bit for unforseen rises in the future)

        Comment


        • #19
          Hi Guys

          Westpac at it again.
          They have put 6mths and 1yr rates up and 2, 3, 4, 5yr fixed rates down.

          Regards
          "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

          Comment


          • #20
            Hi muppet,

            What's your source - they haven't changed their web site yet.

            cube
            DFTBA

            Comment


            • #21
              Hi Cube

              Try:
              http://www.interest.co.nz/mortgages.html

              Regards
              "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

              Comment


              • #22
                Hi Guys

                ANZ have dropped their 2 yr fixed rates to below Westpacs as from this morning.

                Competition starting again, instead of being sheep and following each other?
                Regards
                "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

                Comment


                • #23
                  Hi Guys

                  Westpac have thrown in a 30mth fixed rate at 7.15% as from tomorrow.

                  Regards
                  "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

                  Comment


                  • #24
                    I just noticed that 7.15% 30 month rate myself... quite tempting if you're on their Redpack scheme as you'd get another 0.2% off that.
                    My Profile

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                    • #25
                      Hi Drelly

                      I don't think the Redpac package applies when considering those special rates.

                      Those special rates have special conditions so read the fine print carefully.

                      Regards
                      "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

                      Comment


                      • #26
                        Correct - Generally, the specials don't get discounted further.
                        DFTBA

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                        • #27
                          The Redpac discount isn't normally applied no... and it's not on the 18 month rate of 7.15% but according to their website, the 30 month at 7.15% can include the discount. Maybe it's a mistake?

                          http://www.westpactrust.co.nz/olcont...ome+loan+rates
                          My Profile

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                          • #28
                            Hi Drelly

                            You could be correct or else someone has left the asterix out.

                            Regards
                            "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

                            Comment


                            • #29
                              hi

                              We have just got a fixed rate at 6.95 for 12 months. We decided to only fix for 12 months as the previous cycle of interest rate highs and lows is approximately 2 years. We used a different lending organisation than you have been mentioning.

                              Tamara
                              You don't know how great things are until you loose it.

                              Comment


                              • #30
                                I recently got 6.7% fixed for one year and 7.05% for 2 years. These were 0.5% off the advertised rates simply by asking the the question. It may have something to do with my good looks, but I somehow doubt it.

                                Other parts of my loans are still in fixed terms, however the negotiated 0.5% saved me about $1,600, and many times that if I compare what I am paying under the current floating rate.

                                Simple money by asking the simple question.

                                Woof

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