Pre Easter lull

It's another quiet day with no rate changes to report. Perhaps the most interesting news is from credit reporting agency Dun and Bradstreet which says people are expecting difficulty meeting credit commitments.

There were some interesting comments in a Rabo Direct survey said that "confidence in home ownership as an investment vehicle remains strong." Seventy-four per cent of its respondents agreed this was a way to grow wealth.

"However while 23 per cent said their housing investments were worth more now than six months ago, 32 per cent said they were worth less. Seven per cent of New Zealanders said they were likely to invest in purchasing their own home in the next six months, while four per cent were likely to invest in property."