Archive of: interest rates
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How to lower your mortgage (really) posted May 16, 2012
In the Sunday issue of the NZ Herald the front page was all about how you should be asking your bank for a floating rate of 5.4% – or else you’ll leave. Then on the TV One news last night the suggestion was you rock up and demand a floating rate of 5.2%. While I [...]
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Westpac say fix, ANZ say float posted March 12, 2012
Last week the RBNZ Governor kept the Official Cash Rate unchanged – no surprises there. However he also reduced their forecast of future rate rises. This is something the market had predicted and we’ve seen the longer term fixed rates fall over recent months, somewhat to our surprise. You’re now able to fix for 3 [...]
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Mortgage advice posted December 14, 2011
Two interesting scenarios have come across our desks in the last 10 days and I hope they demonstrate to you why you would use the go2guys as your mortgage broker over the DIY approach. In the first case we suggested to a couple that they tidy up a handful of things (especially their account conduct) [...]
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NZ interest rate outlook – Sept 2011 posted October 4, 2011
Occasionally the tyranny of distance can be your friend and being a little isolated and removed from the debt crisis fallout in Europe is certainly a good thing at this juncture. However while activities in these larger markets do have an impact on our funding cost the severity of their impact is lessened. Nonetheless, the [...]
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Home Loan Repayment Calculator posted September 23, 2011
I was reminded the other day about just how important a home loan repayment calculator can be. How’s that? Well, I’m in the market for a house for myself right now and although the bank will lend me a certain amount I don’t want to use all of it because I have a budget that [...]
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The only way is up, baby! posted August 1, 2011
Who can forget Yazz from the summer of 1988. I thought her song was great then, I think it’s cheesy now but if you’re wondering about interest rates in 2011 then the sentiment of the song is spot on! The clear expectation over the last 12 months has been that interest rates will increase sooner [...]
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posted June 7, 2011
There has been quite a lot of noise about (rising) inflation since roughly the end of March. It’s the kind of noise that borrowers and wannabe borrowers should keep an eye on. Why’s that you ask? Because there’s a clear relationship between inflation and interest rates – when inflation changes, interest rates generally go the [...]
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Interest rate rise coming posted May 15, 2011
Next Thursday the Reserve Bank decides on what to do with the Official Cash Rate which will in turn influence what the banks charge you and I. My pick is that the OCR won’t change right now because the economy still has quite a hangover. So don’t expect the banks to do much either. But [...]
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Mortgage interest rate outlook, April 2011 posted May 15, 2011
We had started 2011 quite strongly, commodity prices (read Dairy) were surging, mortgage approvals were on an upward trend breathing life into the real estate market and confidence was improving overall, not that it had yet flowed through to retailers. However with the events of Christchurch & Japan hitting us all between the eyes our [...]
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Silver lining to earthquake? posted May 15, 2011
The Christchurch earthquake. Wow. The place looks like a wrecking ball has been through it. Like everyone else around the country our thoughts go out to the good folk of the garden city. I was glued to the TV on Tuesday and remember feeling much the same way as the 9/11 terror attacks in NYC [...]
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