Comments on: Rates one big game of poker http://www.mortgagerates.co.nz/blog/rates-one-big-game-of-poker/ Find the best mortgage rates online Thu, 10 Sep 2009 22:17:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kerry Otto http://www.mortgagerates.co.nz/blog/rates-one-big-game-of-poker/comment-page-1/#comment-98 Kerry Otto Fri, 31 Jul 2009 00:31:23 +0000 http://www.mortgagerates.co.nz/blog/?p=45#comment-98 Are banks now creaming it?? On this same page is a mortgage rate calculator where you can compare the banks floating rates to one another and against to the OCR. Up until end 2008 most banks were working with a margin over the OCR of about 2%+/- but that gap is now showing at about 4%. Kiwi bank are a little lower than the rest of the majors with a differential of about 3.8%. So while things are tough, are the banks making money while the skies darken? Kerry Otto Are banks now creaming it??
On this same page is a mortgage rate calculator where you can compare the banks floating rates to one another and against to the OCR. Up until end 2008 most banks were working with a margin over the OCR of about 2%+/- but that gap is now showing at about 4%. Kiwi bank are a little lower than the rest of the majors with a differential of about 3.8%.

So while things are tough, are the banks making money while the skies darken?
Kerry Otto

]]>