Now is a good time to look at taking out a fixed-rate mortgage, according to ASB Bank chief economist Anthony Byett.
Thursday, August 22nd 2002, 4:57PM
by The Landlord
"If you just look at it on average, these rates look good," he says, noting that the average floating rate has tended to be about 8%. Floating rates below 7% tend to occur when economic growth is very low while floating rates above 9% happen when growth is relatively high.
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