| About Us | Advertise | Contact Us | Terms & Conditions | RSS Feeds | Other Sites: landlords.co.nz | sharechat.co.nz |
|
Join our newsletter
Mortgage Rates Newsletter |
|
|
Latest Trends
Current vs five-year averageThursday, January 28th 2010, 3:48PM
With the Reserve Bank Governor Alan Bollard keeping the official cash rate at a record-low 2.5% and saying tame inflation data gave him breathing space to stick to his timeline of a mid-year rate hike puts more emphasis on and should make the decision a little easier for borrowers to continue looking short in terms of mortgage rates for at least the next year. The above graph shows the current rates for our five major banks compared to the five-year average. The main areas of interest here is the sizeable gap between floating and short term rates as opposed to our current five-year fixed rate being higher than the five-year average with more increases on the cards in the near future. Comments from our readersOn 29 January 2010 at 7:51 am imad said:
in my view the general rates will stabilize on something like 6.75% on the ingoing year and would remain like this range for two years or so. 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? |
|
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.
© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.
