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Thread: Interest Rates

  1. #4241
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    Sep 2013
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    I would recommend fixing 6 months, maybe 12 months longest, as interest rates will stay low for a long time.

  2. #4242
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    Dec 2011
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    Wayne and Orpheus, how recent were these offers?
    Thanks

  3. #4243
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    May 2010
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    Quote Originally Posted by Eugene View Post
    Wayne and Orpheus, how recent were these offers?
    Thanks

    Less than 30 days and good for 60...

  4. #4244
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    Jun 2004
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    10,314

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    Quote Originally Posted by Eugene View Post
    Wayne and Orpheus, how recent were these offers?
    Thanks
    a couple of weeks.

  5. #4245
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    Jun 2004
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    There is another thread which goes into this a lot.

    I wouldn't float - just too high.
    Fix for 6 months and see what happens.
    Others will probably disagree with me again but ...

    If you are thinking of fixing long term (3-5 years) then the OCR won't matter - it affects short term (floating and 6mth really).

  6. #4246

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    As Anthonyacat and Wayne have alluded to here, I DO think the 2 years and above term rates have very little relevance to the OCR.

    I think if you can get a good 2 year rate, then it is worth considering.

  7. #4247

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    HSBC for eg. is doing 4.25 for 2 years. You could get the same rate from ANZ/BNZ too... Don't think OCR cut will bring the rates below 4.25% for the 2 year term especially.

  8. #4248
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    Aug 2009
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    Auckland
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    I know a lot mention that long term fix rates are not impacted by OCR but I find it hard to acknowledge this as the long term fix rates have dropped significantly in the past year (from 6.7% late last year to 4.99% fixed for 5 years).

    What are the major factors impacting long term fix rates?

  9. #4249
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    Jun 2004
    Location
    Kapiti
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    Today I fixed one big mortgage & one not so big at 4.30% one year ANZ. I think that's a pretty good rate. Not really worth squibbling over a further tiny discount. At least in my view.

  10. #4250
    Join Date
    Jun 2004
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    Quote Originally Posted by BigDreamer View Post
    I know a lot mention that long term fix rates are not impacted by OCR but I find it hard to acknowledge this as the long term fix rates have dropped significantly in the past year (from 6.7% late last year to 4.99% fixed for 5 years).

    What are the major factors impacting long term fix rates?
    They are overseas.
    Things like printing money, poor Euro, Fed raising their cash rate.
    Anything really that has an impact on global growth - NZ OCR doesn't do that.

    Remember that overseas events do impact on (or form an input to) what the RB does with the OCR


 

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