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Mortgage News Archive 2012January 2012February 2012 January 20123rd - Mortgage Rates Commentary9th - The first for 2012 11th - First change for the year 12th - Kiwibank starts year aggressively 16th - Downgrade the big news 17th - BNZ sees little change in OCR this year 18th - Don't expect any OCR increases soon 19th - Fixed rates bottomed: Westpac 20th - ANZ National cut rates 23rd - Where to for the OCR? 24th - [UPDATED] Perky housing market may force rate hike 25th - Another bank cuts rates 26th - Down they come 27th - ASB cuts 1 to 5 year fixed home loan rates 28th - Not all rates down 30th - Bollard casts off from bank February 20121st - Do we have the best way of setting the OCR?2nd - Next banks to move 3rd - More fixed rate cuts |
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Future interest rate hikes softened
The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year. For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%. MORE » |
Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.
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