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  • my predictions are correct.

    Comment


    • Hi Guys

      Oh wow.

      Westpac have hoisted all, except 2 yr fixed, their fixed interest rates as of tonight ready for Monday.(8.1%)

      Now the same as ASB and the NAB. Basically 8.1% fixed and the floating rate of 9.05% is the highest of the main banks.

      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


      • Hi Guys

        ASB has dropped 6mths, 3, 4 and 5yr fixed rates to 7.8%.

        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


        • Hi Guys

          Another possible interest rate war may be starting.

          ANZ have dropped their 3, 4, 5 yr fixed rates by 0.3%.
          and I think the Reserve Bank are rather grumpy about it.

          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


          • Hey Muppet!

            Could you please post the actual rates, as the ANZ website is showing rates that don't look that special.

            The Dog

            Comment


            • Hi The_Dog

              7.9% 6 mths, 1 yr
              7.8% 2, 3, 4, 5yrs
              9.00% Variable

              This is just the basic rate. They do decrease depending on how much you have borrowed.

              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


              • My 10 cents - floating interest rate will hit 10% by mid-late 2006
                crude oil will spike upwards increase fuel to all time highs
                rates, building constents,taxes- all increasing -

                -locally Property,s looking very overpriced-

                eg.investors sitting on $300-$500grand bare sections
                must be hard on the wallet pay 50,000 in interest + rates hoping for
                capitial gains to make the money.

                Comment


                • I see Bank Direct are offering 7.6% on all fixed terms irrespective of length.

                  Julian
                  Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!

                  Comment


                  • Phew! I just picked up a 7.75% over 3 years fixed the other day. Looks as though it might have been just in time!

                    Comment


                    • Hi Guys

                      I see that Bank Direct have disappeared off Interest.co.nz/ Mortgage web site.

                      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


                      • 7.3% fixed 1-2 years Wizard Home loans.

                        Comment


                        • Hi Guys

                          Westpac have just dropped their 3, 4, and 5 yr fixed rates to 7.85% on a basic loan ready for tomorrow.

                          Their 6mth rate remains at 8.1%, 1yr rate is 7.9% and 2yr rate is 7.8%.

                          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


                          • Hi Guys

                            The mortgage wars continue:

                            BNZ launches another round of mortgage rate discounting
                            28 May 2005

                            BNZ yesterday lit the fuse for another round of mortgage rate skirmishing between the major banks, cutting its two year and three year fixed term rates.


                            The bank said it was launching its Unbeatable campaign for a third time by cutting its two year fixed-rate on Classic Home Loan from 7.60 per cent to 7.55 per cent. Classic Home Loan three year fixed-rate is now 7.55 per cent – 0.25 per cent lower than its standard three year rate.

                            The bank said the rates were available from Monday only on its Classic Home Loan products.

                            Under its Unbeatable campaign, the bank says it will beat any currently advertised two or three year fixed rate offering from its major competitors Westpac, ANZ, National Bank, and ASB not including Bank Direct.

                            BNZ first launched its Unbeatable campaign in the fourth quarter of last year, sparking an intense mortgage price war amongst the major banks. After taking a breather in January, the campaign was relaunched in February and officially ended earlier this month.

                            BNZ's market share of home loans grew from 15.7 per cent to 16.2 per cent in 2004
                            News source
                            http://www.stuff.co.nz/stuff/0,2106,3295086a13,00.html

                            And Kiwibank has dropped its 5yr fixed to 7.5%.

                            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


                            • Hi Guys

                              Sudden interest rate drops by ANZ and Bank Direct today.

                              ANZ 2, 3, 4, 5yrs fixed now down to 7.75% on basic rate.

                              Bank Direct's 2. 3, and 5 yr fixed rate is now 7.5%.

                              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


                              • Hi Guys

                                Westpac have also joined the race to drop their fixed rates.
                                Most down by 0.05% for 3, 4, and 5yr fixed to 7.8%.

                                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

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