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This thread is about interest rates
NOT
about whether it is going to rain tomorrow.
Keep to topic please
OR
start a new thread.
HaHa.
So basically that leaves you just reporting the interest movement to be found on any other financial webite.
Other than that you are crystal ball gazing, based on arguable contributing factors.
Then the discussion gets down to what and how and credibility.
Interest is the compensation paid for the use of other people's money.
Who and where they are, and alternative uses for it, surely are directly related content.
Because... that moves the price of money....or as we call it...interest
You do have a point, but your timing is terrible. Ha.
Westpac says no to cash backs for existing customers. I have been dealing with someone at their Mortgage Retention Unit or something for the past few years and was offered cashback but had to sign a 2 year agreement and now the person who i was dealing with has resigned. I was told by the other person that WPT changed policy and now no more cash backs for existing customers. It's just a pain to move banks etc. Fixed rate expiring end Jan, Mortgage around $480K. Any thoughts? Can a broker negotiate cashback with the same bank? I don't understand this policy where banks are happy for you to move but won't offer cash back to retain you?
I just sold the last of my places I don't want to hold long term. Cash = good. Cashflow = good.
I only have two properties right now, which scuppers any chance of being a guru.
See that is not true... you just might survive any bumps in the road, learning more along the road... you don't need large numbers of property to be a guru. There is something to be said about those who are cautious.
I think you're well placed to take advantage of what is coming... whatever that is
Agreed they are rising faster than expected. BNZ raised theirs yesterday and Westpac today, the 3 year money particularly hit as fixed a Client yesterday at 4.6 and now is 5.09%
I know - when I said a few I meant more than 2. The next is 15th April then some in June
All good, well maybe not so good!.........the size of the recent rises has surprised most so hopefully we've seen the worst and future rises will be small.
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