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
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.
My prediction for 2010 is “slightly boring” and that extends to mortgage rates. Yes, they will go up, but not enough for you to stay awake at night and break into cold sweats.
Really? It’s over? Just like that? 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
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