Mortgage News

Good time to fix loan

Thursday 22nd of August 2002

Now is a good time to look at taking out a fixed-rate mortgage, according to ASB Bank chief economist Anthony Byett.

"If you just look at it on average, these rates look good," he says, noting that the average floating rate has tended to be about 8%. Floating rates below 7% tend to occur when economic growth is very low while...

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