Mortgage News

BNZ lifts interest rate predictions

Tuesday 7th of September 1999

Borrowers planning to fix their mortgage but who haven't done so have well and truly missed the boat, says BNZ chief economist Tony Alexander.
In the latest New Zealand Observer, Alexander says that floating mortgage rates will rise by two to three per cent in the next 18 months. However, he also expects fixed rate mortgages to increase in response to a worsening balance of payments, worr...

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