Westpac says that "fixed mortgage rates are currently good value given where we think floating rates are heading over the next several years. With no satisfactory resolution to the European debt crisis in the offing, there is no immediate pressure on fixed rates to rise, so borrowers can afford to wait a little longer.
"But the RBNZ’s latest Monetary Policy Statement made clear that there is limited scope for fixed rates to fall further."
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New Zealand
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New Zealand
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