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Thread: Interest Rates

  1. #5931
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    May 2008
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    Torbay, Auckland
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    3,936

    Default

    They call it the "Spring Specials" I believe, when the property market is hotest and the most sales occur
    Paul Magill B.com
    Bluekiwi Property Consulting

  2. #5932
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    Apr 2004
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    803

    Default

    Quote Originally Posted by Bluekiwi View Post
    I got ASB to match BNZ's 3.99% for 5 years, so did that on a 400k mortgage, happy with that, as BNZ then increased their 5 year rate straight after I did it.

    Have a large loan with BNZ due in May 2020, so will look at fixing that in march.
    Would go for 3.99% if they could do that, but I expect the 5 year rate will be up by then.

    I might see if their 18 month special at 3.35% is still going.

    Apparently banks traditionally take off their special rates over Christmas, and then bring in some Feb specials, so will be interesting to see.
    Hoping to get sub 4%-- 5yr fixed rate mid 2020 ... 3.7%-3.9% would be Brilliant would still only fix 50% to 75% of my debt over 5yrs as I plan to reduce my business debt shorter term and take on more commercial property debt .. Might well move to ASB as they offered me $1k cash per 100k in debt and much better commercial rates being not much higher than RES offered

  3. #5933
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    Sep 2004
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    Hastings
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    Quote Originally Posted by JBM View Post
    . . . ASB as they offered me $1k cash per 100k in debt and much better commercial rates being not much higher than RES offered
    Now that's an interesting development.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  4. #5934
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    Sep 2004
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    Hastings
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    15,247

    Default Prediction date: 22 Nov 2018

    Quote Originally Posted by BlueSky View Post
    I think the way things are going we will be in recession next year by second quarter.
    Nuvver one that's missed the date.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #5935
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    Apr 2005
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    Quote Originally Posted by Perry View Post
    Nuvver one that's missed the date.
    Oh come on Perry,

    Anyone can be wise in hindsight.

    And I'm not saying that you're not doing good work.

    Because reminding people how difficult it is to predict the future is good work.

    But, to be fair, you could make a few predictions of your own.

    and join the rest of us mere mortals.

  6. #5936
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    Oct 2007
    Location
    Wellington
    Posts
    420

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    Quote Originally Posted by McDuck View Post
    Oh come on Perry,

    Anyone can be wise in hindsight.

    And I'm not saying that you're not doing good work.

    Because reminding people how difficult it is to predict the future is good work.

    But, to be fair, you could make a few predictions of your own.

    and join the rest of us mere mortals.
    Agreed. These messages used to be funny, but not anymore. We have to make plans for future and for that we need to have a view of what the future holds. Even if our views and predictions do not eventuate, so what? Shall we all stop thinking?

  7. #5937
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    Jun 2004
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    10,544

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    Quote Originally Posted by McDuck View Post
    But, to be fair, you could make a few predictions of your own.

    and join the rest of us mere mortals.
    It is far easier to criticise.

  8. #5938
    Join Date
    May 2008
    Location
    Torbay, Auckland
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    3,936

    Default

    Perry has stung me once too, but I guess I cant be right all the time like Trump.

    This is "Interest Rates" thread, how did it get highjacked to predictions anyway, that should have its own thread, mods need to get their shit together.

    On that.
    ANZ has made a bad move, a bad look if you ask me.
    Putting up a few rates as first move of the year, when all of NZ and its GDP is being affected by Coronavirus.

    Anyone with half an economic brain will see the economic exponential affects it will have on NZ considering our close connections with china on trade and tourism.
    This will affect GDP and economic growth, and jobs and employment, just look at Crayfish and forestry and tourism and education sector as immediate straight of the bat issues.

    And it is entirely feasible that if they dont drop the OCR in response to this in Feb, and go for a wait and see approach.
    They make need to make an emergency OCR drop at some stage this year, as this will feed into confidence and inflation.

    So for ANZ to increase rates now is a very bad look.
    Paul Magill B.com
    Bluekiwi Property Consulting

  9. #5939
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    Quote Originally Posted by Judge View Post
    Shall we all stop thinking?
    Quote Originally Posted by Wayne View Post
    It is far easier to criticise.
    Even easier still to remain silent and risk being thought a fool than to make a prediction and remove all doubt.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #5940
    Join Date
    Jun 2004
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    Default

    Quote Originally Posted by Perry View Post
    Even easier still to remain silent and risk being thought a fool than to make a prediction and remove all doubt.
    I suppose people should stop sharing their ideas on where they think things are going.


 

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