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Thread: Interest Rates

  1. #5941
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    Probably a bit context sensitive. Lots of good ideas around which are well worth sharing.

    But avoiding predicting interest rates and "the future economic situation," seems prudent.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  2. #5942
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    Quote Originally Posted by Perry View Post
    Probably a bit context sensitive. Lots of good ideas around which are well worth sharing.

    But avoiding predicting interest rates and "the future economic situation," seems prudent.
    Saying "the interest rate in 2021 WILL BE xxx" is different to "I think rates will trend down and be closer to 3% than 4% in 2021 because xxx".
    Both predictions that you can pull up later.

  3. #5943

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    Has anyone any experience with China Construction Bank (New Zealand)?
    They have competitive rates.

    Thank you

  4. #5944
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    May 2008
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    Torbay, Auckland
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    Looks like a OCR drop of .25 to .5 coming either 25/3 or before it.
    US and Ausi have moved, so I expect us to do that same.

    What do people predict this will do to 1 and 2 year and 5 year rates, if anything ?
    Paul Magill B.com
    Bluekiwi Property Consulting

  5. #5945
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    Quote Originally Posted by Bluekiwi View Post
    Looks like a OCR drop of .25 to .5 coming either 25/3 or before it.
    US and Ausi have moved, so I expect us to do that same.

    What do people predict this will do to 1 and 2 year and 5 year rates, if anything ?
    Doubt an OCR drop will change the longer rates but other 'events' in the market may do at some stage as the world growth slows.

  6. #5946
    Join Date
    Dec 2008
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    Just received a letter from BNZ saying they are removing all 'work perks' benefits (non BNZ employee schemes).
    This means no discounted mortgage rates as part of this change.

    To be implemented 1st of April.

    I guess because rates will be too low by them?

  7. #5947
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    April Fools Day, eh?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #5948
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    Jan 2012
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    Quote Originally Posted by Psilan View Post
    Just received a letter from BNZ saying they are removing all 'work perks' benefits (non BNZ employee schemes).
    This means no discounted mortgage rates as part of this change.
    They never replaced the Premium customer voucher and discounts packs that were discontinued a couple years ago either. They said to "keep an eye out for something special" to replace it. With all these cuts they'll be treating us like commoners soon. :-p

  9. #5949
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    OKAY SO LETS CUT TO THE CHASE

    OCR cut by .75% and floating rates all cut by that on same day, obviously RB had warned the banks.

    Now as of this morning, there is no bank movement on 6 month to 18 month rates, those directly related to short term OCR borrowing.

    Most banks were around that 3.35% as the lowest short term rate, either in the 1 year or 18 month or even 2 year bracket.

    When and what are we going to see from the banks in this bracket now, after the .75% drop, will they pass it on.

    Will we see a 1 year rate at 2.6% ?????????????????????????
    Paul Magill B.com
    Bluekiwi Property Consulting

  10. #5950
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    Floating rates should be 2.75%. Not the current 4.45%.
    The foreign banks are absolutely creaming it. The margins have never been so good.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.


 

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