Interest Rates

[speights boy]

Within a week it'll be back above where it sat before today's rate change. Mark my words.

At least it will stop petrol going to $2.50 for a while.

[Leftette]

If only it would, sb, if only it would. It'll help the Green's cause and get the proles off the roads enabling safer and quicker journeys for me. win~win.

[Davo36]

Dollar falls after a rate HIKE?? That's the opposite to every other rate hike in the past...

I thought that too.

[BigDreamer]

5.75 in May 2013.

Ahh what an awesome rate to secure. Good on you!

[BigDreamer]

Hardly recent though that depends on the time scale.
I suspect BigDreamer meant weeks to months, not years.

You are right, I was actually referring to recent weeks/months. I managed to secure 6.5% last week - not with ANZ, however.

[eri]

I thought that too.

and that's what makes

forex trading

so difficult

[Wayne]

The $ went down because of what Wheeler said - pause for now - not what was done.
And that is why forex isn't a 'done deal'!

[eri]

he said it was over-priced

which is what a lot of forex dealers were feeling

decided to lock in their gains

result - there were more sellers than buyers

[speights boy]

decided to lock in their gains

The use of this cliche does amuse me.
It's as if everyone selling is doing so after a winning trade.

[unhinged]

I have 3 mortgages comming off 4.89% late next month, locked in a two year deal early this week for 5.9%, thanks to a squirrel advisor for giving advice on what to squeeze the bank for, highly recommend!

[elguapo]

The use of this cliche does amuse me.
It's as if everyone selling is doing so after a winning trade.

Cut their losses?

[elguapo]

I have 3 mortgages comming off 4.89% late next month, locked in a two year deal early this week for 5.9%, thanks to a squirrel advisor for giving advice on what to squeeze the bank for, highly recommend!

Squirrel are good.

[brendan]

What is the lowest 5 year rate anyone has secured recently?

BNZ offered 3 year 5.75%, 4 year 5.99%, 5 year 6.29% at beginning of June 2014. We ended up taking the 3 year rate.

[BigDreamer]

BNZ offered 3 year 5.75%, 4 year 5.99%, 5 year 6.29% at beginning of June 2014. We ended up taking the 3 year rate.

I have heard BNZ is offering great rates. Makes me very disappointed with ANZ given I have a very large portfolio with them and still no great discounts.

[MrAwesome]

I should have gone with BNZ, I just signed 6.05% for 3 years before I could ring to cancel that. Lesson learnt, shop around more and don't rush to fix rates (even if the OCR is raised).

ASB bank aren't any better BigDreamer, we have a portfolio with them, unsure if you would call it large though.