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| INTEREST RATE OUTLOOK |
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| Current Interest Rates Rates offered are the best of standard, carded interest rates available and do not reflect any discounts your Advisor may be able to obtain for your client. Rates correct as at 01/7/10. Variable 5.85% 6 Month Fixed 6.00% 1 Year Fix |
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| INTEREST RATE OUTLOOK |
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| A mixture of forces influenced mortgages through 2009, primarily pushing rates up for terms one through to five years. The first half of 2010 has seen rates steady, in fact the longer terms of three to five years have actually eased as the overpricing of |
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| INTEREST RATE OUTLOOK |
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| We appear to have be given more breathing space by the Reserve Bank with interest rates being held flat again in April, although speculation is abound that rates will move upwards in June or July this year. While it is inevitable that rates will move upwa |
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| INTEREST RATE OUTLOOK |
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| The first quarter of 2010 has seen the growth of late 2009 slow quite markedly. The issue is understanding why and how long this slowdown will last. House prices have flattened this year adding weight to the concept that the growth of late 2009 was driven |
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| INTEREST RATE OUTLOOK |
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| The road back from recession to recovery is set to be a slower one than many economic commentators initially indicated. The upside of a slower than expected recovery is that we look to set enjoy a longer period of the record low interest rates which conti |
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| INTEREST RATE OUTLOOK |
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| The economy is stabilising, and this should see an end to the easing of interest rates much further, provided we do not see any more turmoil in overseas markets.We are seeing a continuing strengthening of net migration into NZ with another month of in exc |
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| INTEREST RATE OUTLOOK |
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| With such a big and widening gap between long and short term interest rates there is much confusion as to what is the right borrowing strategy at present.While there are some minor signs of a recovery or rather a slowdown in the slide of the past 12 month |
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| CAN'T WAIT TO GET OUT OF DEBT? |
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| Some people think of their home mortgage as something negative in their life. While they like the idea that they’ll own a house they couldn’t otherwise afford by the time they’ve paid off the mortgage, they just can’t wait to get rid of the D-word from th |
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| RE-FINANCING - IS THE GRASS ALWAYS GREENER? |
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| These days there are new home loan products coming on the market all the time and borrowers are likely to re-finance their home loan at least once during its term. Is this always a good thing?The ‘loan for life’ concept disappeared some time ago; in the s |
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| RETIREES MAKE THE MOST OF THEIR 'REVERSE MORTGAGE' |
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| As their homes go up in value over time, some elderly people end up with disproportionately large amounts of money tied up in their home at a stage in their life when their cash flow becomes limited through retirement.It seems only logical that reverse mo |
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| AGGRESSIVE OCR CUTS NOT TILL 2009 |
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| Weekly Home Loan Report: There has been a relentless parade of homeloan rate increases over the past week as lenders have responded to the increase in the official cash rate and to events in international markets. Some economist and commentators have been |
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| BROKERS GET CLOSE TO MAGICAL 40 PERCENT MARK |
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| New research shows that mortgage brokers are increasing their share of the home loan market.Mortgage brokers handled 37.5 per cent of new loans last year according to new analysis by the New Zealand Mortgage Brokers Association (NZMBA). Megan Salt, chief |
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| DEBATE CONTINUES OVER LONG-TERM FIXING |
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| Weekly Home Loan Report:Lenders have started to push up the cost of home loans following the increase in the official cash rate from 7.25 per cent to 7.5 per cent last Thursday. ANZ and Westpac both announced 25 point increases to their floating rates wit |
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| RELEASING A HOME'S EQUITY |
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| Home equity release is increasingly changing the lives of many older New Zealanders.It makes it possible to free funds to, among many other things, undertake modifications and maintenance to enable them to stay in their own home as needs change.What is no |
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| KIWIS OPPOSE TAX ON FAMILY HOME |
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| More than 80 per cent of New Zealanders oppose a capital gains tax on property sales, but that figure is slashed in half if first homes are excluded, a new survey shows. The Research New Zealand poll found that 41 per cent of people supported a capital ga |
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| BOLLARD RAISES RATES BUT TONES DOWN THE RHETORIC |
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| Weekly Home Loan Report:While Reserve Bank governor Alan Bollard raised interest rates as expected, the central bank's rhetoric wasn't as hawkish as expected. Bollard raised his official cash rate (OCR) from 7.25 per cent to 7.5 per cent, blaming the rece |
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| SHOPPING AROUND FOR INVESTMENT FINANCE |
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| Most residential property investors throughout Australia and New Zealand are relatively inexperienced in the area of property investment finance – after all, eighty three percent of them own just one investment property. How do they stay abreast of the my |
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