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Tis the season to be floating

Mortgage rates haven't moved in the December run up to Christmas, but changes are expected mid-way through the New Year.

Friday, December 24th 2010, 11:07AM

The official cash rate (OCR) is predicted to increase by 25 basis points in June to 3.25% with only two further increases by the end of 2011 according to a www.mortgagerates.co.nz survey of economists.  

The last of the banks to lodge its GDS, community-owned TSB Bank has slightly increased its market share and in our latest graph we look at the median interest rates for major banks in December over the last four years.

While it is the holidays the site will continue to be updated over the next couple of weeks.

www.MortgageRates.co.nz wishes you a safe, happy and relaxing Christmas break.

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