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Floating rate projections

Thursday, June 10th 2010, 1:34PM

The Reserve Bank governor Alan Bollard raised the OCR 25 bps to 2.75% as expected, ensuring floating mortgage rates are on the way up. The above graph shows the correlation between the 90-day interest rate and the major banks median floating rate over the past few years with the estimated projection over the coming quarters.

 

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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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