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.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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85.1% Yes
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13.4% No
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1.5% Other - I'll share below
Got a Minute? Prove You’re the Smartest Neighbour!
What is it that when given one, you’ll have either two or none?
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.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Plumber Recommendation
I can recommend this plumbing company for being prompt and professional:
Multi Plumbing Ltd
Hodong Hwang
021 119 2363
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