Mortgage Rates are Falling
Mortgage rates are falling as markets believe monetary policy tightening will end sooner than originally expected. In other words, interest rate rises got ahead of themselves.
The graph below shows the 3yr swap rate which indicates bank funding costs have fallen 1% since the 16 June peak, (from 4.6% to 3.6%). If you are wondering what is the gap between swap rates and mortgage rates, it's called margin.
Call/email/message adviceHQ now to refix/refinance/restructure.
Can you crack Today’s neighbourhood conundrum?
Without a bridle or a saddle, across a thing, I ride a-straddle. And those I ride, by help of me, though almost blind, are made to see. What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Poll: What special qualities should a 5-star New Zealand airport hotel at our largest international airport have?
Te Arikinui Pullman Auckland Airport is New Zealand’s only 5-star airport hotel, given its incredibly close proximity to the airport, the convenience of walking to the airport is a major highlight but there are plenty of other features that make it special.
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5.7% Unmatched runway views with a private lounge
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45.1% Exceptional service from arrival to departure
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4.5% Gourmet dining featuring New Zealand's finest, celebrating Te Ao Māori kai
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38.3% A soundproof oasis with all desired amenities
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6.4% Māori culture reflected throughout, creating an architectural marvel