Two years fixed the "sweet spot"
Floating rates are set to rise early next year according to economists after the Reserve Bank left the Official Cash Rate unchanged at 3% and adopted a cautious tone last week.
Thursday, September 23rd 2010, 1:12PM
ANZ says as a result it makes sense to consider fixing, with two years being the "sweet spot."
To understand why, look at the breakeven table in Latest Trends which explains why the two-year rate offers value.
To further help borrowers, we also have a story explaining how breakeven analysis works. This helps with decisions such as fix or float and if I fix what term should I have?
HSBC has also announced it is offering a clean sweep of the lowest fixed home loan rates available from a bank in New Zealand.
| « Floating rates unlikely to rise anytime soon | GDP surprise to hold back OCR increase » |
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