2010
Mortgage Forecast | October 2010
Filed under: Featured, Interest Rates, Mortgages, NZ Economy
In this latest forecast we stick to the mantra that if you are contemplating fixing your mortgage, then you might as well do it now. Mortgage rates have largely bottomed out, once you factor in the amount of discounts below advertised mortgage rates. You could always wait but then chances are you’ll miss the bottom and before you know it rates will be higher. Our view is to fix half for two or three years and leave half in floating
I’ve been talking with a large number of first home buyers these past few months. Earlier today I was reflecting on what has changed since the “credit crisis.” Here are my thoughts
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 five other flatties, eat baked beans, and have a communal shower. Those are 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
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