Interest Rates

[Meehole]

They haven't got a clue, its all crystal ball gazing and at the end of the day you should do what's right for you and your circumstances. Buy, sell, buy and hold, buy and trade. How will things look if we have Little as PM come next elections and the Greens and The Opportunities Party in power? See ya later for the next 3 years, someone can rent my place cause I won't be here. Time to embark on a long awaited OE!!

[Don't believe the Hype]

Just been offered these rates today:
6 months 4.95%
12 months 4.59%
18 months 4.75%
24 months 4.79%
36 months 5.09%
48 months 5.49%
60 months 5.69%

which bank? What level of borrowing? What LVR?

[Wellington Broker]

which bank? What level of borrowing? What LVR?

Look like ASB investment rates

[Nick G]

Crazy, 6 months ago the 12 month rate was the 5 year rate

[eri]

OCR may stay at 1.75pc until 2020

but banks will keep raising mortgage rates anyway

http://www.stuff.co.nz/business/89222907/ocr-unchanged-at-175-per-cent-at-first-review-of-2017

[McDuck]

OCR may stay at 1.75pc until 2020

but banks will keep raising mortgage rates anyway

http://www.stuff.co.nz/business/8922...review-of-2017

The ASB just made a huge profit.
Wonder why the banks feel the need to charge borrowers more and more.?

[Perry]

Maybe because the RBNZ told them to?

[McDuck]

Can they do that?
Would they do that?

[eri]

as a nation

we need more savings and savers

+ fewer housing investors relying on OS money

so well signalled macro tools are being tweaked

to increase interest rates for both savers and borrowers

[Don't believe the Hype]

The ASB just made a huge profit.
Wonder why the banks feel the need to charge borrowers more and more.?

1 - because they can...
2 - They have measure on scorecards to hit
3 - they have shareholders who expect profit growth quarter on quarter

[Wayne]

OCR may stay at 1.75pc until 2020


but banks will keep raising mortgage rates anyway

http://www.stuff.co.nz/business/8922...review-of-2017

And they shouldn't because?
What is the relationship between the OCR and mortgage rates?

[Davo36]

Banks profits down a bit for the first time in 7 years.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11800844

It has amazed me how we had a GFC and the banks started making more and more money just after that occurred.

They've been absolutely creaming it for 7 years.

Should have bought some bank shares back then!

[Viking]

ASB profit UP 6%.
The new down is up.

[Don't believe the Hype]

Is this fake news or alternate facts... I can't keep up

[Viking]

Is this fake news or alternate facts... I can't keep up

Depends if you are a righty or lefty.
Left is always right but right is wrong.
Oh that's about men's earings I think.