Thank you for the all the assistance throughout 2014.
Enjoy and i look forward to seeing you in the New Year.
May your holiday break include red skies at night, snapper on your lines, offshores for your waves, and birdies on your greens. 🙂 🙂
Monthly Archives: December 2014
5 year Fixed Swap Rates Fall
Highlighting a bout of volitility in financial markets over Russia and Oil price woe’s our 5 year swap rate has settled at 3.96% today.
This is down from 4.27% on the 2nd of November and 4.52% a year prior.
Negotiate hard with your bank if seeking the certainty of a 5 year fixed interest rate as there is plenty of margin in it. 5 years fixed under 6% is available.
OCR unchanged at 3.5 percent
The Reserve Bank today left the Official Cash Rate unchanged at 3.5 percent.
The Governor noted..”it is prudent to undertake a period of monitoring and assessment before considering further policy adjustment. Nevertheless, we expect some further policy tightening will be necessary to keep future average inflation near the 2 percent target mid-point and ensure that the economic expansion can be sustained.”
Indicating that they may well be on hold for a while yet but with a bias to the upside depending on how the data falls.
At Auction yesterday a tussle between 3 bidders over a 5 bedroom home @ 4 Pamela Place, New Lynn saw it sold under the hammer @ $816,000.