Westpac still favours fixed home loan rates
Tuesday, July 31st 2012, 6:00AM 
3 Comments
Westpac continues with its view the balance of risks currently favours fixing. "Our view has long been that fixed rates are attractive relative to where we think floating rates are heading over the next few years; the question has been one of timing the move into fixed. Even though floating rates are not expected to change for a long while yet, fixed rates could rise sooner."
"In fact, one or two rates have already risen off their lows. Given that some fixed rates are still lower than the floating rate, taking a fixed rate now is probably a good deal."
| « ASB's new Olympic special | Two year rates attracting borrowers » |
Special Offers
Comments from our readers
On 31 July 2012 at 10:40 pm Mattyyo said:
'Davo' after reading your comment I looked up NZIER and read through their website? Unfortunately I could not find much ( I am not a member) but I did notice that 3 members of their 'shadow board' were from one of the big three banks. Does this mean that some of their advice is biased? I am unsure what to think. On 31 July 2012 at 11:47 pm boss69 said:
Still waiting for the sub four percent predicted! Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
Best to look at economists from NZIER etc. who are not paid by their employer to say things to help their bottom line !!