IF I WERE A BORROWER WHAT WOULD I DO?
Posted on November 12, 2010 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
(From BNZ’s most recent update)
Still be floating. But I would keep an eye out for any extra discounting of medium term fixed rates and would take a two year fixed rate if someone offered me 6.35%. I would fix three years if someone offered me 6.50%. Those rates are currently 6.7% and 7.15% respectively.
Given that such rates are unlikely to be offered to me I would be watching closely for when fixed rates may rise and would look to jump into the two year rate just ahead of that rate rise happening.
Don’t know when at this stage.
Speak to your financial advisor for the best options for you.
Filed under: REAL ESTATE | Tagged: Real Estate