The past week has seen more long term fixed home loan rates increasing. The one real exception to this trend was ASB, which dropped its one-year rate to 5.10%. This makes it competitive in this term, but it is not clear how many lenders are opting for such a short term at the moment. One answer to that maybe Gen X borrowers. I saw a fascinating graph from Veda this week which showed they had a totally different approach to financial products. This graph, and hopefully we can show it to you next week, was explained as Gen X people liked to take one-year rates and shop around for the best rate again a year later.

Another reason maybe a piece of research ANZ did years ago. It showed that the best strategy was to take one-year rates and roll over each year rather than take a longer term fixed rate or to float. Whether that still holds or not is a topic that should be researched again.

But without any new research you could refer to this week's story where BNZ suggested the best value was in the two to four year fixed rate range. It outlines its reasons in the article below.

Next week is OCR week and we have a new video for you to watch today. In it AMP NZ chief economist Bevan Graham gives his views on when rates will start increasing. He is picking December for the first OCR hike.