The 5 year swap rate has declined to 4.78%. This is down from 5.12% only 4 weeks ago and 5.03% last week. The swap rates are the cost to the banks of…
The 5 year swap rate has declined to 4.78%. This is down from 5.12% only 4 weeks ago and 5.03% last week. The swap rates are the cost to the banks of…
The Reserve Bank announced a further cut to the OCR of 0.50% taking us down to 3%. Further good news for those with mortgages. We noted 2 months ago the…
In one week ASB's 5 year fixed home loan interest rate has gone from 5.95% to 6.50%. This shows the vagaries of making interest rate predictions. The 5 year swap rate,…
The cut today of 1.50% has followed on from the 1.50% cut made in December. The Reserve Bank has moved rapidly to lower borrowing costs. Westpac responded immediately and their…
Merry Christmas to all. Thank you to our valued clients, lenders, and lender support staff. Enjoy and we look forward to seeing you in the New Year. Cheers from the…
The Reserve Bank today reduced the Official Cash Rate (OCR) from 6.5 percent to 5.0 percent. The banks who have moved in advance of the cut the past couple of…
The RBA in Australia has today cut rates by a full 1%. This is the 4th cut in as many months and equates to 3% in cuts since September. CBA Bank, announced…
With some economists picking a cut in the official cash rate on the 4th of December of as much as 1%, home loan interest rates have started to come down…
9.15am 23/10/08 The Reserve Bank has slashed the official cash rate (OCR) this morning by a full 1%. He has also indicated a bias towards further rate cuts going forward.…
The Reserve Bank of Australia has this afternoon cut its official cash rate by a full 1%. This was an unusually large move and unexpected by the market. Our Reserve…