Video: Opening of Parliament uncut

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Choices

Yes. Fix for 1 year at 5.2% now offered by the banks. RBNZ will start hiking the OCR early next year. These low rates won't last forever.

Yes. Fix for 2 years at around 5.5%. This economy is recovering as we rebuild Christchurch. Floating mortgage rates could be 6.5% by mid 2014.

No. Stay floating, but get your bank to cut from the 5.7% advertised rate to 'unofficial' rates of about 5.3% for those who threaten to leave.

Yes and no. Fix half and float half. That way you have some protection, whichever way the Official Cash Rate and wholesale rates go.

Posted in News December 8, 2008 - 12:55pm, Bernard Hickey

"Live coverage of the Commission opening of Parliament. This begins with the arrival of Her Majesty's Commissioners (three senior judges) to declare Parliament open.

Members will then be sworn in and they will elect a Speaker." From Parliament TV

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Video: Opening of Parliament uncut

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