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| Weekly Mortgage Newsletter |
| 6 June 2014 |
| Hi %PERS_NAME% |
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| Your Mortgage matters: Will the Reserve Bank agree with the market next week? |
| It has been a quiet week on the interest rate front as we head into next week's official cash rate announcement and the latest Monetary Policy Statement from the Reserve Bank. Our survey of economists shows all, bar one, are expecting another 25 basis point hike next week so there will be a flurry of changes to the variable home loan rates on offer. |
| However, the economists are undecided on when the next hike after that will be. Some are picking July and others have put it back a little. |
| The general theme, which is supported by the market, is that interest rates will rise more slowly than expected. We will find out on Thursday if the Reserve Bank agrees with this view. |
| The upshot of the current situation is that home loan rates are not likely to rise as quickly as previously forecast. However, don't be complacent as they will still rise. |
| Because the economic news hasn't panned out as expected we have seen a pull back in rates and this provides a good opportunity to consider fixing for two or three years. You can check, compare and sort home loan rates at mortgagerates.co.nz |
| We have had some changes tonight from ASB and Kiwibank which are detailed in our daily commentary here. |
| Mortgage Rates Radio |
| A new feature on mortgagerates.co.nz is the first of our weekly radio broadcasts. Radio and podcasts are fast becoming more popular on the internet. |
| Our weekly show is scheduled for each Monday morning. It will recap the week and provide news and comment on what is happening with home loans and interest rates, as well as keeping yo up-to-date with industry news. It's a great way to start the week and you can download and listen to it on your phone or tablet. |
| You can listen to the first broadcast here. |
| Have a great weekend. |
| - Philip Macalister |
| Home Loans News |
| Rates may not rise as quickly as expected: Economists |
| Interest rates may not rise as sharply this year as earlier expected, economists say. More » |
| One and done, latest rates call |
| Markets are under-pricing the odds of future interest rate rises, according to ANZ economists. More » |
| Shift to fixed rates continues |
| The amount of mortgage lending on floating rates fell further in April, the latest Reserve Bank statistics show. More » |
| Latest Trends |
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| Westpac backs CGT proposal |
| Westpac has come out in support of Labour's proposal for a capital gains tax and says if the centre-left ran the next government then we can expect fewer interest rate rises in the next two years. More » |
| Insurance |
| [MR Radio] Listen to the latest home loan news |
| Philip Macalister introduces the latest additon to mortgagerates.co.nz - Mortgage Rates Radio. In this three minute audio clip Philip reviews recent happenings in the home loan area and offers some thoughts on what is happening across the market and the industry. More » |
| Events |
| 10th Annual Financial Markets Law Conference |
| Celebrating its 10th year we have renamed the conference Financial Markets... More » |
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