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Stairway to heaven....yeah rightFriday, November 27th 2009, 11:27AM
The above graph shows how the two-year fixed mortgage interest rates have tracked for the main banks this year to date. The two-year rate has risen on average 125 basis points since February/March and is now at or higher than at the begining of 2009. In saying this the biggest increase overall to interest rates this year was to the five-year fixed which has risen by over 200 basis points. At the other end of the scale the biggest drop in interest rate was to the floating rate, which on average has gone down 90 basis points. Comments from our readersNo comments yet Add your comment: |
Latest News
Analysis falls in favour of fixing two or three years Floating rates to rise but not as fast or far as expected Bollard lifts OCR, predicts more moderate pace of increases PRESS RELEASE: RBNZ raises OCR to 3% Economists and markets say interest rates up this week Does weak data mean the RBNZ should stop raising interest rates? |
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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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