Results: Banks
With further rate cuts around the corner, the question becomes—to fix or float?
With two further OCR cuts expected before the end of the year, we could see one-year rates drop below 6% going into Christmas—so w...
Interest rates settle as market awaits next OCR announcement
Interest rates have stabilised over the last week, but with two further OCR cuts expected before the end of the year, here's what ...
With interest rates on a downward slope, beware of fixing longer-term
Bank mortgage rates have been tracking downwards in the wake of the RBNZ's OCR cut. With longer-term rates sitting much lower than...
Uncertainty around mortgage interest rates
The past 1-2 weeks has brought quite a pullback in confidence about inflation and monetary policy, but it's not because the economic outlook has suddenly improved.
Interest rates on an upward march
The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to combat feared effects of Covid-19 has disappeared, and the need to fight rising inflation has soared.
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.
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