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Thread: Interest Rates

  1. #5191
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,988

    Default

    This thread is about interest rates
    NOT
    about whether it is going to rain tomorrow.
    Keep to topic please
    OR
    start a new thread.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  2. #5192
    Join Date
    Apr 2005
    Posts
    2,499

    Default

    Quote Originally Posted by muppet View Post
    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.
    Last edited by McDuck; 09-01-2017 at 10:00 AM.

  3. #5193

    Default

    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?
    Last edited by Perry; 12-01-2017 at 08:30 PM.

  4. #5194

  5. #5195

    Default

    lots of little red arrows... trouble on the horizon for variable or short term fixed borrowers?

    http://www.mortgagerates.co.nz/mortgage-rates.html

  6. #5196
    Join Date
    Oct 2016
    Posts
    116

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    lots of little red arrows... trouble on the horizon for variable or short term fixed borrowers?

    http://www.mortgagerates.co.nz/mortgage-rates.html
    yes I think you are right. those highly geared with little or no cash reserves must be surely be starting to get concerned

  7. #5197

    Default

    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.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  8. #5198

    Default

    Quote Originally Posted by Nick G View Post
    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

  9. #5199
    Join Date
    Jun 2004
    Posts
    9,432

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    lots of little red arrows... trouble on the horizon for variable or short term fixed borrowers?

    http://www.mortgagerates.co.nz/mortgage-rates.html
    I must say it seems to be going up faster than I expected.
    I fixed some for 3 yrs last month for 4.39% (Westpac) and now I see their special is 5.09%

  10. #5200

    Default

    Quote Originally Posted by Wayne View Post
    I must say it seems to be going up faster than I expected.
    I fixed some for 3 yrs last month for 4.39% (Westpac) and now I see their special is 5.09%
    scary isn't it!!

    imagine if you'd just bought a property with a gross yield of 3.5% and thought you'd ride out the coming interest rate rises... Hold on to you hat!!


 

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