Bernard Hickey details a housing report on the change in the gap between variable and fixed mortgages that changes the landscape in New Zealand's housing and property markets.
Here is an interactive chart of the gap between the 2 year fixed mortgage rate and the variable rate. http://www.interest.co.nz/charts/gallery7-65.asp
pretty good vid. Need to unpack those graphs a bit for us so we can see more clearly which graph was which. Good work though
UnkleSi 2 years ago
A while back there was a run on fixed rate mortgages for people wanting to fix as they saw the long term rates increase. People where then told not to worry.
Well, I fixed for 4 years a little while before that run at 6.4 and still have 3 years on that rate.
I wonder if it pays off.
dinther 2 years ago