Originally posted by GLin
View Post
Announcement
Collapse
No announcement yet.
Interest Rates
Collapse
X
-
Originally posted by Perry View PostWhen do you expect that to happen? (Prediction noted)
I say within 12 months or so.
Comment
-
on Friday BNZ cut its three-year term to 3.95 per cent - down from 4.2 per cent
- matching a move by rival ASB bank.
Locally owned TSB bank will also offer the same rate as part of its promise to match any rate advertised by the Australian-owned banks.
expected all the major banks to match the rates.
"If they are not doing it by advertised rates, they are certainly doing it by negotiation," he said.
have you defeated them?
your demons
Comment
-
China bank has dropped rates to 3.65% for 2 years (with conditions).
I think my prediction of 3.5% by Xmas 2019 is a bit conservative now...
Comment
-
Think the banks usually have these margins built in, Gary.
The Chinese banks are leading the charge downwards. Like Kiwibank did last decade.
I have loans coming up in October and December, I'd say 3.69% by then. Prefer to fix one year than for three, in this climate.
Comment
-
So you think the sub-4% rates are around for a while?
Think they'll go any lower?My blog. From personal experience.
http://statehousinginnz.wordpress.com/
Comment
-
why not?
nz has followed many similar but bigger economies down to reserve bank rates of 1.5%
we'll probably be at <4% mortgage rates until things start to pick up globally
and there seems no sign of that...
i'm only fixing for 1 year
as am betting the rates will be the same or lower next year
oz now 1.5%, with an outlook for 1.25% next month https://tradingeconomics.com/australia/interest-rate
Last edited by eri; 13-05-2019, 01:55 PM.have you defeated them?
your demons
Comment
Comment