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
2010
Renting Versus Buying First Home
Filed under: First Home Buyers, Housing Market, Mortgages
Buying your first home will almost always make better sense than renting. That is unless you live with 5 other flatties, eat bake beans, and have a communal shower. That is hard economics to beat under any scenario!
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
When you first eyeball your mortgage it can seem scary borrowing a hell of a lot of money along with the realisation it might take 25 years to pay off.
First up don’t stretch yourself too far. Work your budget on making repayments based on an 8.50% interest rate even if your actual rate is below
This week in the NZ Herald Ask an Expert I got the following question …
“I have just fallen in love with a house which is probably about $100,000 out of our price range but I figure my income can only go up and interest rates are so low. My question is, is it outrageous
most recent posts
-
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