Results: Interest Rates
Will 11% Mortgage Rates Return?
Over the June quarter of this year the average interest rate paid by someone with a mortgage was 4.2%. This was down from 4.9% one...
Fixing one-year highly favoured
In my recent survey, 96% of Mortgage Advisors said that people are favouring the one-year term when fixing their mortgage. The rea...
Structural falls in interest rates are almost over
You might think that as an economist I tell people what I think is going to happen. There are certainly elements of that, and gene...
Mortgage rates set to go under 2%
Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.
What happens with negative interest rates?
Two weeks ago, the Reserve Bank made a point of noting that they are actively examining how a negative interest rates policy might work.
Is New Zealand's OCR heading below zero?
In recent months there’s been a good deal of speculation that New Zealand's Office Cash Rate (OCR) might drop below zero next year. It's already sitting at 0.25% and it’s expected to move downwards to stimulate activity in the economy.
The good and bad from the new lockdown
I recently talked about interest rates reducing further. Now, courtesy of the change in New Zealand's Alert levels, the chances have both gone up, and down that this will happen