Tagged: OCR

Should you fix or float? One thing is for sure you need to know what mortgage rates you can negotiate before trying to decide what option gives you the best value-for-money

The Reserve Bank is going to have to keep mortgage rates low to prevent a collapse in consumption and the flow on impact on the economy. In my opinion we are in for a sustained period of low interest rates

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

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

Having the right Mortgage Strategy can save you thousands in interest every year let alone over the life of a mortgage.  That’s why we think it always pays to get the best possible advice.  JB (author of this blog) is the former General Manager Products at ANZ National Bank and has managed over $15 billion