Fixed rates bottomed: Westpac
Thursday, January 19th 2012, 5:16AM 
1 Comment
Westpac says that "fixed mortgage rates are currently good value given where we think floating rates are heading over the next several years. With no satisfactory resolution to the European debt crisis in the offing, there is no immediate pressure on fixed rates to rise, so borrowers can afford to wait a little longer.
"But the RBNZ’s latest Monetary Policy Statement made clear that there is limited scope for fixed rates to fall further."
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Comments from our readers
On 19 January 2012 at 9:48 am Tony said:
Interesting that they say fixed rates are good value given where floating rate is heading but don't tell us where they are supposedly heading. They do however say heading over the next several years. Wow that's helpful to the public, more marketing propoganda to try and encourage buyers to fix. Commenting is closed
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