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Thread: Interest Rates

  1. #1

    Default Interest Rates

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

  2. #2
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    Sep 2013
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    So many variables. If you pay list rate you are paying too much.

  3. #3
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    Dec 2011
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    See a mortgage broker. Then you can be sure you are getting the best rate, the banks won't tell you.

  4. #4
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    Oct 2011
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    1/18 Seaview Road, Paraparaumu Beach
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    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.
    Craig PopeCraig Pope Mortgages & Insurance
    www.craigpope.co.nz

  5. #5
    Join Date
    Jun 2004
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    10,309

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    Quote Originally Posted by hasheem kamal View Post
    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

  6. #6
    Join Date
    Apr 2009
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    I have just got 5.8% for 3 years and 5.15% floating.2 year offered was 5.5%.

  7. #7
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    Sep 2008
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    Quote Originally Posted by Wayne View Post
    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.

  8. #8

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    I went 6% for 4 years.

    Rates will rise when QE ends.

  9. #9
    Join Date
    Sep 2013
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    Quote Originally Posted by nick_pv View Post
    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.

  10. #10

    Default

    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.


 

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