There is a gradual correction occurring in the New Zealand mortgage market. Our appetite for longer-term fixed rates is waning. This is not surprising given the cost “premium” of having to cross a big interest rate spread between short term rates at 5.50% and a 5 year rate at 8.50%. As more of our mortgage
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
There is a difference between what customers think a bank is, and the reality. Once upon a time the “branch banker” was the local expert on finance. Many of us still perceive banks and bankers in this light, but it is no longer the case. In reality, banks are simply retailers. Bank staff are largely
A number of clients tell us they get no-value from having a Business Banking Manager. And yet it wasn’t by choice and they end up paying for it with generally more expensive pricing!
This month we look at the fallout from the global credit crisis and how it might impact on you? From an investment perspective – how safe are the banks? From a lending perspective – how are banks tightening up access to credit? As much as New Zealanders are big borrowers we need to thank our
most recent posts
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Mortgage Packages | Best Mortgage Deals
August 21st 2010 -
NZ Mortgage Rate Forecast | Wet and wild with patches of sun
August 21st 2010 -
First Home Buyers | A New Mindset
August 7th 2010 -
Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ Mortgages | Buying Property in New Zealand
July 25th 2010