2010
Mortgage Rates | Do they really need to increase?
Filed under: Interest Rates, NZ Economy
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
2010
NZ Mortgage Rates will stay Low for 2010
Filed under: Featured, Interest Rates, NZ Economy
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
Long-term wholesale interest rates have been dropping, which reinforces what we’ve been saying for a while – that the market overcooked its forecast on interest rates. Rates will increase, but not as quickly as the market initially priced in. The 5 year funding rate has dropped half a percent to 5.30% since it peaked
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,
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
most recent posts
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Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ | Buying Property in New Zealand
July 25th 2010 -
Mortgage Rates | Forecast after July OCR
July 17th 2010 -
First Home | Kiwi Saver Deposit Subsidy
June 17th 2010 -
Credit Crisis | How the Housing-Life Cycle is Broken
June 13th 2010