Mortgage News

Rates get a rejig

Sunday 17th of December 2000

The prospect of a Reserve Bank hike in the cash rate next month along with lower US bond yields is widening the gap between short and long-term interest rates.

Key wholesale rate the 90-day bank bill went from 6.72 per cent a week ago to 6.80 per cent on Friday. However, November 2006 Government stock moved in the opposite direction, from 6.21 per cent to 6.12 per cent.

Floatin...

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