| About Us | Advertise | Contact Us | Terms & Conditions | RSS Feeds | Other Sites: landlords.co.nz | sharechat.co.nz |
|
Join our newsletter
Mortgage Rates Newsletter |
|
|
Daily Commentary for 1 Jul 2010Economic forecasts for robust housing market activity to appear in tandem with rising interest rates over the next two years are “off with the fairies,” according to Rodney Dickens. Kiwibank has cut 31 basis points off its two-year fixed home loan rate, reducing it from 7.30% which is the median for all banks to 6.99%. |
Latest News
Earthquake eliminates chance of September OCR hike SBS takes margin hit to keep mortgage rates down Insider Paul Brock to replace Knowles at Kiwibank |
Compare Mortgage Rates
Find a Mortgage Broker
Latest Trends
Earthquake to rattle rates
The effect of the Christchurch earthquake has even rattled mortgage rates heralding a turning point to the current trend of a flattening yield curve with floating and short-term rates increasing and long-term fixed rates falling. Expect from here on to see the graph in front of you flipped, as economists expect the yield curve to steepen. The reason for this is that the 7.1 magnitude earthquake that hit Canterbury and the collapse of South Canterbury Finance last week has eliminated any remaining chance of a September Official Cash Rate (OCR) hike according to economists. Most are now not expecting monetary policy tightening until 2011. MORE » |
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.
