Mortgage News

Home Loan Report: Further cuts to fixed rates

Wednesday 3rd of October 2007
Shorter-term rates are heavily influenced by New Zealand's Official Cash Rate and opinions about its future direction and there has been a hardening of views among economists that the OCR will stay high until well into 2008, if not 2009. Signals about longer term rates, more heavily influenced by overseas rather than domestic borrowing trends, remain mixed; US rates have fallen sharply but it is s...
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