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  • Westpac have dropped 1yr rates to 6.15% and 3yr rates to 7.70%.
    "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

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    • It is deflation at the moment everyone, might be for a year or 2. Floating Rates could be under 7% for a while.

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      • Yep.plenty of export money returning to NZ and filling the banks. No money being lent to anyone so surplus of money. Rates to go lower.
        ANZ bleeding customers Wespac and Kiwibank picking them up.

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        • What are this guy Bernard Hickey's credentials?

          He has been horribly wrong on all accounts, doing the opposite of what he says is the perfect advice.

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          • Think he is correct this time around. Always a flyer in these things.

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            • Originally posted by Viking View Post
              Yep.plenty of export money returning to NZ and filling the banks. No money being lent to anyone so surplus of money. Rates to go lower.
              ANZ bleeding customers Wespac and Kiwibank picking them up.

              I have slightly different take. borrowings for farms and residential properties come form foreign savers. So with less lending NZs debt position improves slightly. As it is playing with debt there is no surplus money!!!!
              The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

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              • ANZ have been throwing some pretty good pricing at my clients lately for residential deals. They are by far the cheapest for above 80% LVR lending, thousands of dollars cheaper than the other banks including Kiwi Bank.
                Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
                My Website
                Be informed - register for our free monthly newsletter

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                • Just got off the phone from them and they are not being helpful. Kiwibank today 5.65 and paying 5 % for the money. They are all starting to hurt and long may it remain.

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                  • BNZ drops rates

                    BNZ have dropped their 2, 3, 4, 5, 7 year rates.

                    See here to read.
                    Patience is a virtue.

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                    • Originally posted by essence View Post
                      BNZ have dropped their 2, 3, 4, 5, 7 year rates.

                      See here to read.
                      Just catching up with others rates.
                      Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
                      My Website
                      Be informed - register for our free monthly newsletter

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                      • HSBC have reduced rates.
                        6mths 4.99%
                        1yr 5.49%
                        2yr 6.49%
                        3yr 7.29%
                        4yr 7.69%
                        "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

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                        • HSBC are looking for quality business 500k+

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                          • SBS Bank
                            Residential
                            5.90
                            6.00
                            6.15
                            7.10
                            7.50

                            8.15

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                            • ANZ and Nat have raised rates.
                              ANZ
                              1yr 6.45%
                              2yr 7.35%

                              Nat
                              6mths 6.00%
                              1yr 6.45%
                              2yr 7.30%
                              "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

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                              • anz dropping returns on term deposits

                                meanwhile the ozzie banks are raising them

                                pity the banks who have to try and raise more capital locally
                                have you defeated them?
                                your demons

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