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Daily Commentary for 9 Feb 2010There are no mortgage rate changes to advise of today, however in mortgagerates.co.nz news we talk to Kiwibank about why it changed its floating rate yesterday to the second lowest at 5.65%. In Expert views we find that most economists are now pricing an Official Cash Rate hike in June after last week’s unemployment figures which were unexpectedly high and in the spotlight today is John Key’s first major speech of the year at the opening of Parliament, where he will outline his economic plans for the year and changes to the tax system. |
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? |
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Flattening yield curve
The above graph shows the journey in which the home loan interest rates have taken over the past couple of years compared with the five-year median. With the considerable cuts to long-term fixed rates this month and the increases we saw to floating rates in June this year, the yield curve is starting to show signs of flattening out. 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.
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