
Mortgage News
Borrowing strategies changing
Tuesday 11th of November 2008
With interest rates rising and staying high over the past few years, the prudent strategy tended to be to take a fixed rate and lock in a rate, giving borrowers some protection.Now that rates have started falling and dropping sharply, the preferred strategy emerging is to go for a floating rate or a very short fixed term rate.
In July the Reserve Bank cut the official cash rate (OCR) for...
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