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Manager Operational Effectiveness and Assurance IT
Reporting to the Senior Manager Operational Risk Effectiveness and Assurance, the key focu...more
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Financial Controller
Reporting to the Head of Finance - Retail and Business Bank the key focus of this role is ...more
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Reporting to the Head of Finance - Retail and Business Bank the key focus of this role is ...more
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Manager Finance Corporate Core - 12 Month Contract role
This role in consultation with the Financial Controller provides financial, strategic and ...more
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This role in consultation with the Financial Controller provides financial, strategic and ...more
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IT Audit Manager - Internal Audit - Auckland
If you are motivated by the prospect of seeing the big picture, developing your team and m...more
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Most viewed
Housing report: Why the changing mortgage rates curve matters
Bernard Hickey delivers a Housing Report on the way the mortgage rates curve is changing and what it means for homeowners.
Short term and variable mortgage rates are either flat or falling while longer term mortgage rates are rising. This has turned the mortgage market on its head so that now variable rates are cheaper than fixed rates. This 'steepness' of the mortgage rate curve is increasing and forcing home owners to decide whether variable is better than fixed. One option is to hedge your bets by having half fixed and half floating.
See here for an interactive chart on the steepness of the mortgage rates curve.
6 Comments
Keep an eye on the
Keep an eye on the Japanese govt bond issue costs. I'm told rates are rising. That's important. Might mean the end of the carry trade in Yen. likely to lead to higher priced fixed term loot in the land with the housing bubble economy.
A mortgage is usually secured
A mortgage is usually secured by the real property being purchased and sometimes through personal property
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Thanks ruru, it's gone now
Thanks ruru, it's gone now
Fix it. I fixed 75%
Fix it. I fixed 75% of it almost a year ago when everybody told me not to at 6.5% for 4 years. For that same term you now pay 8.5%
I think variable rates will snap up suddenly and then there will be a run on fixed rates that will shoot up even faster.
Staying on variable rates is a dangerous cat and mouse game that is bound to bite you in the ass because those rates are about as low as they will go.