Mortgage News

Short-term borrowing opportunities shrinking

Friday 28th of November 2008
Economists at Westpac believe they have the answer. In this week’s economic briefing they state: “Wholesale interest rates imply a very deep and front- loaded easing cycle by the RBNZ, and much of this has already been reflected in lower mortgage rates. The advantage to floating or fixing for a short term is diminishing now, and borrowers should be looking for opportunities to extend th...
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