Fixed Interest rates up[
!]Still good though. Most three-year rates are around 5.8% which to my way of thinking means that banks think the basic variable rates they’ll be competing against will be around 5.2 to 5.5% then – remember as per all good gambling establishments, the house tries to never lose ….
Others thoughts?
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MelOops just checked latest and yes they appear to all be around 6.1% now – same theory applies though.
Mel
Would it not be nice if they gave you a weeks notice.[
]Hi Guys
Yeah interest rates are up in NZ as well.
5 yr fixed are now up to 7.4%.
Luckily I got prior approval at 6.55% three weeks ago.Regards
Whoa Muppet, 85 basis points is a big move.
Bet you’re glad you locked them in when you
did.I locked mine in at 5.99 (AU) when I got them,
cost me $750 to do it but looks like I
picked the bottom, touch wood.Can anyone confirm what I’ve heard that when
the rates rise the bank has to cut me a
cheque if we refinance to account for the
difference between the current rate and the
fixed rate?andy
Can still get them for 5.99 for 3 years which might weather the storm. And i see the share market forcast is looking fine[|)]
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