Interest Rates

The OCR party continued today with a stay of execution but I’d still be inclined to start considering fixing part of your mortgage for 12-18 months

Bank economists seem to talk up mortgage rates but I’m not so sure! When you look at the fundamentals I struggle to see why rates need to increase much at all

Finally everyone is starting to get it. Mortgage rates are going nowhere fast, so there is great value in sticking with floating and short-term fixed rates

The next six to 12 months could be interesting. A large number of Kiwis have opted for short-term rates, but the sense I get is that they are sitting there waiting to lock into a fixed rate

‘The credit crisis’ or ‘funding costs’ are not good explanations of ongoing increasing bank margins. Margins are increasing because they can.