Interest Rates

[hasheem kamal]

Hi. With the looming interest rate rises, please advice best options for home loan 2-3 yrs . Thanks

[donthatetheplayer]

So many variables. If you pay list rate you are paying too much.

[Eugene]

See a mortgage broker. Then you can be sure you are getting the best rate, the banks won't tell you.

[Craig Pope Mortgages]

Hi, depending on loan size, LVR, location and property type (so quite a few variables) maybe around 5.45-5.5% for a 2 year rate. Again there are quite a few variables that affect it so depending on the circumstances it could be slight less, or slightly more. What you may see is banks still keen to price well for under 80% LVR deals, the more sub 80% deals on the books the more 80% + LVR deals they can do in due course.

[Wayne]

Hi. With the looming interest rate rises, please advice best options for home loan 2-3 yrs . Thanks

split the loan and fix some for differant periods - 1, 3 and 5 years

[Dugster]

I have just got 5.8% for 3 years and 5.15% floating.2 year offered was 5.5%.

[Viking]

split the loan and fix some for differant periods - 1, 3 and 5 years

Who says interest rates are going to go up?

The Banks!
Well they do that all the time and everytime they push that lie the rates go down.
That's the more likely senario next year.
Oversea's is looking pretty grim.
NZ will have a lot of dosh coming in and plenty of cheap dosh to borrow.

France to crash next year after the Americans run out of their money supply in October 13.

[nick_pv]

I went 6% for 4 years.

Rates will rise when QE ends.

[donthatetheplayer]

I went 6% for 4 years.

Rates will rise when QE ends.

I agree. Rates will rise when QE ends. This has just been pushed out a bit so we can probably expect faster rises when it does happen. I recently refixed but that was a few weeks ago so my rates not really relevant to what you can get today. I fixed at 4 and 5 years for 60% of lending and the rest on 1 year and flexi. This gives me certainty over the next 4-5 years as well as the ability to repay lump sums earlier if I wish. I thought this was a pretty good strategy right now. I think if you fix at 2-3 years when you come off those rates you might be coming into peaking interest rates.

[jamesmurphy552]

If you want to get suitable interest rate on a home loan, it is always better to compare rates from different lenders and select one that suite your needs. There are many online comparison websites that can help you in that.

[Craig Pope Mortgages]

If you want to get suitable interest rate on a home loan, it is always better to compare rates from different lenders and select one that suite your needs. There are many online comparison websites that can help you in that.

Just remember the best rates are not always advertised so the online guides are indicative at best, cheers CP

[Property Experts]

Tony Alexander. Chief Economist of the BNZ came out this week and said he suggests fixing for 3 years.