For those of you interested, an associate of mine who owns an exchange currency business advised me yesterday that the Reserve Bank was very likely to raise rates by .25 next week. Wholesale money markets are apparently already factoring this in. If you are sorting out mortgages it might pay to get them locked down this week.
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Also watch out for other costs such as solicitor, loan fees, monthly account fees etc etc.
It often pays to negotiate these and not only concentrate on a lower rate.
My bank didn't want to lower their rate by a further 0.1% recently (ok it was a reduced rate already...), but they were happy to pay $800 towards solicitor costs and waive all fees - which came to a bit more than the extra 0.1% would have saved me :-)High resolution Fractal Art on quality canvas: www.FractalArt.co.nz
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