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I think we will be forced to halt the major rising in rates going forward as far too many kiwis hit the wall and default
How many is too many?
Rates may keep going up,.... because central bankers are playing a larger scale game than you imagine.
(They're playing for the survival of an empire).
Yes ... I understand Bankrupting many nations and populations could well be the Global Agenda reset plan ..as no way many of these massively in-debt nations can continue to pay interest and roll over Debts as they move well north of GDP of nations.. Its all just going one way .. Buy real assets that give strong returns
Yes ... I understand Bankrupting many nations and populations could well be the Global Agenda reset plan ..as no way many of these massively in-debt nations can continue to pay interest and roll over Debts as they move well north of GDP of nations.. Its all just going one way .. Buy real assets that give strong returns
It's my idea, and it's just a gut instinct, that they are going to try something totally new this time around.
All you need to know that they need to unwind all that "extra money" they put into the system.
That "extra money" was what was pumping bitcoin and stocks and houses.
Was.
You'll be looking at a totally new financial landscape.
But with totally new opportunities too.
Pay real tax, then inflation 'tax.' (Also known as eroded / diminished purchasing power.)
Ha!
I like it.
I totally agree.
Debt causes inflation, inflation is a secret tax.
As it takes a collusion between Treasury, the Reserve Bank and the Trading Banks to make happen.
You'll have to give them full points for misdirecting the attention away from themselves and towards workers asking for more money or supermarkets scalping on prices.
A 15% drop seems very large compared to history, but to put it in context, it would only take average prices back to where they were at the start of 2021.
Fixed-term mortgages were closer to the peak than the trough of this cycle but shorter fixed terms in particular still had some way to rise.
Interesting update from WestPac economist. So OCR could go to 4% - house prices drop 15% by end of 2023. As you say here - peaking in 2023 and an easing back - but by how much is the unknown.
Interesting update from WestPac economist. So OCR could go to 4% - house prices drop 15% by end of 2023. As you say here - peaking in 2023 and an easing back - but by how much is the unknown.
cheers,
Donna
I cant see any point in fixing long atm. Most of the loans are coming off in August this year, and buy the time they come off another year I expect them to flatten or decline. Hopefully
I cant see any point in fixing long atm. Most of the loans are coming off in August this year, and buy the time they come off another year I expect them to flatten or decline. Hopefully
Yeah locked in one small loan 4.49% with Westpac for 1yr coming due 23 JUL22 ... this was after getting 2.19% 1yr fixed last year .... planning to pay off my other loan ... thanks to the sharemarket gains
ANZ has cut the rate on its two-year fixed home loan special from 5.8% to 5.45%. The 10-year bond rate had dropped from 4.26% on June 20 to 3.67% on Monday. In May last year, borrowers taking out a standard one-year rate were paying an average 3.2%. In May this year, that had increased to 5.04%.
Infometrics chief forecaster Gareth Kiernan said there were some signs of weakening in wholesale interest rates. “It’s not surprising that we are seeing them say we can pull some of these fixed rates down a bit. But I wouldn’t read too much into it at this stage. If they stayed down we might see it translating into easing of some of the other longer-term fixed rates but if it pops up again next week those specials could disappear.”
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