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interest rates fixed for 6 months then refix or fixed longer?

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  • interest rates fixed for 6 months then refix or fixed longer?

    Currently buying ex wife out of current home in Auckland mortgage will be 561k when I take ownership, in 6-8 months we will be selling investment property hoping to come out with 200k or more, I was thinking fixed for 6 months then paid down some of the loan maybe 50k-100k then refix longer or should I look at fixing longer as interest rates will be going higher just don't know when. Thanks

  • #2
    No one knows ....but since JULY 1yr Fixed rates have spiked on average 60% higher !!! ... personally I think the debt load from most home owners + COVID hurting Businesses ..the property Market is on the knife edge to heading downwards esp if we see another hike and see rates head even higher ... I'd be tempted to see what stupidly high price you could get for both properties ..??

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