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Floating - the best place to beThursday, December 3rd 2009, 12:42PM
As the above graph suggests, the best place to be in the home loan mortage market at the moment is floating. Floating rates have dropped on average 90 basis points since the beginning of the year whereas the median five-year fixed rates have risen over 150 basis points (shown in purple above). The other interesting point to note is that ANZ has not altered its floating rate since March when it dropped it 50 basis points. Comments from our readersNo comments yet Add your comment: |
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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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