sharetrader
Page 11 of 13 FirstFirst ... 78910111213 LastLast
Results 101 to 110 of 122
  1. #101
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    6,428

    Default

    Quote Originally Posted by JBmurc View Post
    Great to see Heartland bank floating rate to 1.95% p.a. and 1-year fixed to 1.85% p.a. .... hope this puts some more pressure on the likes of Westpac to lower rates
    Yep. That'll send those tax free capital gains on your house, that you frequently complain about, even higher.

  2. #102
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,477

    Default

    Yeah hate those ...dam you free capital !!!!!
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  3. #103
    Advanced Member
    Join Date
    May 2000
    Location
    , , .
    Posts
    1,866

    Default

    Just out of curiosity if your mortgage came up for renewal now for how long would you fix? I thought 3 might be prudent but the rate I got offered by ASB for 2 years sounds interesting.

    Fixed 12 months 2.4600
    Fixed 18 months 2.700
    Fixed 24 months 2.8500

    Not asking for financial advise. Just a personal opinion about mortgage rates

  4. #104
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    With NZ on the edge and not safe from another covid disaster I can’t see RBNZ lowering rates just yet …..will banks keep their rates down for longer as well?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #105
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,477

    Default

    Quote Originally Posted by silu View Post
    Just out of curiosity if your mortgage came up for renewal now for how long would you fix? I thought 3 might be prudent but the rate I got offered by ASB for 2 years sounds interesting.

    Fixed 12 months 2.4600
    Fixed 18 months 2.700
    Fixed 24 months 2.8500

    Not asking for financial advise. Just a personal opinion about mortgage rates
    My two 1yr fixed term loans came up on the 16th of this month I locked it 2.19% with WP week earlier ... quite a jump to 2.55% at present personal I've always just gone for the lowest rate .. I wouldn't count out nil increase from the RBNZ and pure move from the banks to increase profits ...is the quite season for loans Vs the summer months ... wants the bet we will see bank offer sweet summer deals ..
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  6. #106
    Advanced Member
    Join Date
    May 2000
    Location
    , , .
    Posts
    1,866

    Default

    Thanks for the feedback. Despite having been active in the financial markets for over 30 years mortgages are still quite new to me. I've certainly changed my view a bit from being conservative and thinking 3+ years might be the best forward to thinking splitting it half between 1 and 2 years. The jump in rates between 2y and 3y is quite significant.

  7. #107
    Member
    Join Date
    Aug 2010
    Posts
    30

    Default

    Similar question but currently using total money with 100k no interest received and none charged on mortgage, thinking it might be time to use the 100k elsewhere and wondered if anybody thought this was smart or not, would probably end up replacing with 100k for a 2year fixed term.

  8. #108
    Senior Member
    Join Date
    Nov 2018
    Location
    Christchurch
    Posts
    1,063

    Default

    Quote Originally Posted by Guild View Post
    Similar question but currently using total money with 100k no interest received and none charged on mortgage, thinking it might be time to use the 100k elsewhere and wondered if anybody thought this was smart or not, would probably end up replacing with 100k for a 2year fixed term.
    With interest rates on Term Deposits so low, why do you want to lock up $100K of cash for 2 years? Gone are the days where you could get 9% with cash and it's not very likely we will see even 5% in the next 10 years.

    I had over $1M in cash term deposit 3 years ago that I had to break (yes you lose most of the interest) to buy a house that wifey wont at an auction. It was sold under GV and while hind sight is 20/20, it certainly did a lot better than money in the bank. Not saying future house prices would repeat the same gains but there is a lot to be said about "cash is king". It is king if you're presented with an opportunity.

  9. #109
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,477

    Default

    Quote Originally Posted by silu View Post
    Thanks for the feedback. Despite having been active in the financial markets for over 30 years mortgages are still quite new to me. I've certainly changed my view a bit from being conservative and thinking 3+ years might be the best forward to thinking splitting it half between 1 and 2 years. The jump in rates between 2y and 3y is quite significant.
    Rates cant go much higher without really hurting NZ businesses & Consumers ...we are a HIGH COST(HIGH DEBT) -LOW WAGE economy .... only matter of time till we will see our credit rating come under pressure when it all starts to unravel (most likely from a Global correction thats due any month now) ...

    IMHO RBNZ will do a small raise next meeting ...that will be followed by a reduction then negative rates during 2022 as it all comes apart >>
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  10. #110
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,477

    Default

    Quote Originally Posted by JBmurc View Post
    Rates cant go much higher without really hurting NZ businesses & Consumers ...we are a HIGH COST(HIGH DEBT) -LOW WAGE economy .... only matter of time till we will see our credit rating come under pressure when it all starts to unravel (most likely from a Global correction thats due any month now) ...

    IMHO RBNZ will do a small raise next meeting ...that will be followed by talks of negative rates again during 2022 as it all comes apart >>
    But this course of action will hurt our credit rating.. and no way we will see core I.O drop below 0% ... banks will be forced to pass on lower rates etc
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •