Mortgage News

Is one or three years a better bet?

Friday 7th of February 2014

BNZ chief economist Tony Alexander said the current expectation that the OCR would peak at 4.5% just after the middle of next year could be misguided. That level is still just slightly over what is considered neutral. “History tells us that rates can spend a considerable period of time above normal.”

He said fixing for two years now would mean the rate would mature at the beginning of 20...

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