2009
How the Market is Mispricing Mortgage Rates
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
Mortgage rates will increase, but to a lesser extent than wholesale rates. Long-term mortgage rates are 1.00% higher than they should be and are not good value. Short-term fixed rates offer the best value for money.
Too many homeowners are preoccupied with mortgage rates when they should be focused on repaying their debt as fast as possible. Here’s how to keep your repayments constant for the life of your mortgage (“fixed for life”) but at the same time benefit from low short-term interest rates. Step one Put your mortgage over a
Floating mortgage rates have fallen but at the same time fixed rates have increased. What should you make of all of this? What are the implications for future home mortgage rates
2009
When is a Good Time to Buy My First Home?
Filed under: First Home Buyers, Housing Market, Interest Rates, NZ Economy
“Action may not always bring happiness, but there is no happiness without action.” Benjamin Disraeli, former British Prime Minister.
And so it is that most people will choose inertia and unhappiness over making a decision for fear of failure. I’ve been reading a number of blogs recently on property and whether buying now makes sense. There has been vociferous argument from both sides
If rates pan out as I expect then you’ll pay 20% less interest using short-term rates. On a $400,000 mortgage that equates to an extra $32,000 off your mortgage in five years’ time
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