Interest Rates

[Eugene]

BNZ haven't dropped rates then as at last week

[JBM]

I'd be happy with 4.09% if the cash is good

[Learning]

BNZ haven't dropped rates then as at last week

Beginning of last week they dropped their classic two year rate from 4.29% to 4.19%.

[Eugene]

Beginning of last week they dropped their classic two year rate from 4.29% to 4.19%.

Was offered the same as you, but you posted:
I got 4.09% for two years out of BNZ last month and the cashback more than made up for the short fall. The annoying thing is their rates have dropped since. Damn crystal ball is cloudy.
- I wasn't offered less.

And I wasn't offered a 6 month rate as Judge was

[Judge]

Why didnt you get a six months rate Eugene? Did you ask for one?

[Eugene]

Why didnt you get a six months rate Eugene? Did you ask for one?

Oops I have just looked again (I received the email only on Friday)
They offered 6m 4.69%
Glad to know what they offered you Judge, very helpful

[Nick G]

That's weak. I got 5 years for 4.75 two drops ago.

[Eugene]

Here is what Westpac is on about

http://www.goodreturns.co.nz/article/976504234/property-investment-loans-to-cost-more.html?utm_source=GR&utm_medium=email&utm_campaign=Investors+brace+for+higher+interest+rates+

[Perry]

The tinkerers with symptoms never do get it, do they?

[Bluekiwi]

In my opinion 6 months is the new floating.
Much cheaper than floating but short enough to pick a direction change and not be left behind.

Spot on, and considering you can generally fix now for 3 months time, even if things changed real fast you can still react.
If I had of done this strategy 5 years ago, I think I would have saved over $100,000

Still its better squabbling around at these low rates than arguing over 7 and 8 and 9% rates.

You can see why property world wide is now becoming "Hot Property"

[Don't believe the Hype]

Just got confirmation my bank would match the kiwi bank 3.99 rate... Happy days

[eri]

^

with benefits?

[Judge]

For what term?

[Judge]

Spot on, and considering you can generally fix now for 3 months time, even if things changed real fast you can still react.
If I had of done this strategy 5 years ago, I think I would have saved over $100,000

Still its better squabbling around at these low rates than arguing over 7 and 8 and 9% rates.

You can see why property world wide is now becoming "Hot Property"

Which bank let's you fix for three months? I asked bnz and they said 6 months is the shortest period they can do...

[Don't believe the Hype]

For what term?

2 yrs - matching kiwi bank terms.