Well it's been a bit of a quiet week without too many rate changes. The theme has been a few changes from the non-bank and small bank lenders in the six month and one year rate terms. They have put up competititve offers but the challenge hasn't been taken up by the big banks.
Later today we will show you where economists think interest rates are heading.
We also learnt this week that the housing market is stabilising. The REINZ data showed there had been a lift in house sale numbers in April and Auckland continues to be playing its own game. It probably comes as no surprise that the IMF whitted on about New Zealand house prices being over-valued.
PS: Sorry about yesterday. The newsletter didn't go out due to issues with our web hosting provider.
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