Mortgage News

Close call whether rates will rise

Monday 23rd of October 2006
Late last week, eight out of 14 economists surveyed by Reuters were picking a rate hike. You could say that the economists were starting to come into line with the wholesale interest rates market which rate the chances of a rate rise much more highly. The 90-day bank bill futures contracts are trading at about 7.75% through until the September 2007 contract which is trading at 7.5%.

ASB Bank e...

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