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MR - Latest Trends

Making the jump worthwhile

Thursday 14th of October 2010

Borrowers should stay floating until someone comes along and offers a really attractive fixed rate says BNZ economist Tony Alexander.

In the BNZ Weekly Overview he says analysis suggests that over the next two years the floating rate will average 7.30%.

He says the current two-year rate is 6.70% so were it not for the fact BNZ thinks neither fixed or floating rates will go anywhere for awhile, he would say fix.

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