For the past 12 months mortgage rates have been at historic lows. There has been talk for some time that rates will eventually increase and 2010 has been slated as the year that will happen. Some Economists have talked about as early as April whilst others are still talking September. Timing aside, rates will go
I’m slightly bemused by how quickly some commentators are proclaiming the end of this – the mother of all recessions. If that’s it – finished – then the recession was quite dull by past standards and I will happily eat my shorts. The world is becoming a much faster place so I’m thinking that recessions
2009
How the Market is mispricing Mortgage Rates
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
In previous posts we have shown you how to save tens of thousands in mortgage interest by leveraging short-term rates and repaying your mortgage faster. In this post we show you that long-term rates are overpriced, and that whilst mortgage rates will increase, it won’t be nearly as fast as the media banter would suggest.
Floating mortgage rates have fallen but at the same time fixed rates have increased. What should you make of all of this? What are the implications for future home mortgage rates
2009
When is a good time to buy my first home?
Filed under: First Home Buyers, Housing Market, Interest Rates, NZ Economy
“Action may not always bring happiness, but there is no happiness without action.” – Benjamin Disraeli, former British Prime Minister
And so it is that most people will choose inertia and unhappiness over making a decision for fear of failure. I’ve been reading a number of blogs recently on property and whether buying now makes sense. There has been vociferous argument from both sides
most recent posts
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Mortgage Packages | Best Mortgage Deals
August 21st 2010 -
NZ Mortgage Rate Forecast | Wet and wild with patches of sun
August 21st 2010 -
First Home Buyers | A New Mindset
August 7th 2010 -
Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ Mortgages | Buying Property in New Zealand
July 25th 2010