Borrowing costs to banks unusually high at the moment
One of the more interesting things in the wholesale money markets at the moment is that swap rates have risen so far they imply an...
Monetary policy to tighten before it loosens again
the fixed rate costs to banks of borrowing money to lend at fixed interest rates have soared in recent weeks. That is why we are s...
Why you might be better to break your home loan early
Typically you refix your loan at the end of your loan term, but it can make sense to break a loan and refix for a long term benefit.
Two triggers for rate rises
At some stage banks will raise their fixed lending rates to avoid locking in lending at low margins for a number of years. There are two potential triggers for these rate rises, according to Economist Tony Alexander
New borrowers will pay more
If borrowers are approaching taking on a new mortgage with a view (conscious or not) that rates tend to fall over time and debt management is made easy, they had best think again.
Mortgage rates set to go under 2%
Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.