Mortgage Rates Commentary 8 September 2009

Mortgage Rates

Home loan interest rates remain unchanged today, ahead of Thursday's official cash rate announcement. In our round up of economist views today, ASB continues to argue strongly for a cut to the OCR. Besides the OCR announcement this week there will also be updates on the housing market. ANZ says in its monthly Property Focus report that there are a number of positive factors supporting the market and highlights migration as the biggest positive factor at present. Read the report here.

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