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X marks the spotFriday, December 11th 2009, 12:39PM
Home Loan interest rates have been chaotic (to say the least) this past year as the above graph illustrates. The obvious major movement has been to floating and long-term rates with the floating rates dropping on average 150 basis points over the year and four and five-year rates have risen between 150 to 170 basis points respectively. The two-year rate being the only rate fairly stable over this tumultous year.
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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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