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Thread: Interest Rates

  1. #5771
    Join Date
    Apr 2004
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    770

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    Anyone getting sharp 5yr or longer rates ...sure I seen 4.39% 5yr .... thats sharp and tempting

  2. #5772
    Join Date
    Sep 2004
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    Hastings
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    Quote Originally Posted by BlueSky View Post
    Normally 10 years in NZ economic cycle. I think the way things are going we will be in recession next year by second quarter.
    How are circumstances and that prediction looking, now?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #5773
    Join Date
    Sep 2008
    Posts
    7,581

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    just phone renewed a small anz loan from 4.12% a year

    to 3.95% a year

    could have gone 3.99% for 2 years

    but didn't think would be losing anything by taking the lower rate
    have you defeated them?
    your demons

  4. #5774
    Join Date
    Mar 2013
    Location
    Auckland
    Posts
    1,676

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    So you think the sub-4% rates are around for a while?
    Think they'll go any lower?
    My blog. From personal experience.
    http://statehousinginnz.wordpress.com/

  5. #5775
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    Sep 2008
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    why not?

    nz has followed many similar but bigger economies down to reserve bank rates of 1.5%

    we'll probably be at <4% mortgage rates until things start to pick up globally

    and there seems no sign of that...

    i'm only fixing for 1 year

    as am betting the rates will be the same or lower next year


    oz now 1.5%, with an outlook for 1.25% next month https://tradingeconomics.com/australia/interest-rate



    Last edited by eri; 13-05-2019 at 01:55 PM.
    have you defeated them?
    your demons

  6. #5776
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    Maybe banks will one day be paying borrowers to take out mortgages?

    A better deal than paying the Reserve Bank to hold their money overnight, the profits from which go to their gummints.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  7. #5777
    Join Date
    Jun 2013
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    Quote Originally Posted by Perry View Post
    Maybe banks will one day be paying borrowers to take out mortgages?

    A better deal than paying the Reserve Bank to hold their money overnight, the profits from which go to their gummints.
    A friend in the UK had a tracker mortgage that was set at base -1%, when they cut below 1%, he started getting interest paid to him.

  8. #5778
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    476

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    Quote Originally Posted by elguapo View Post
    A friend in the UK had a tracker mortgage that was set at base -1%, when they cut below 1%, he started getting interest paid to him.
    Nice!!! Looking forward to seeing it here

  9. #5779
    Join Date
    Apr 2004
    Posts
    770

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    Quote Originally Posted by AlFa View Post
    Nice!!! Looking forward to seeing it here
    That's just insane ... Getting paid to have DEBT ...and the inverse all savers paying the bank to have money in term deposits
    the Hunt for Yield would be intense .. here Buy this Car for 0% interest $1 down ?? just pay off the purchase price over your lifetime
    Last edited by JBM; 16-05-2019 at 11:20 PM.

  10. #5780
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    Given the total ineptitude of those 'in power,' insanity may be the new normal.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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