IF I WERE A BORROWER, WHAT WHOULD I DO?
Posted on October 23, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Tony Alexander provides his recommendations in relation to borrowing in the current market:
“I would fix for two years at 5.4% with some of my mortgage left at the floating rate of 5.74%.
I would do this because the two year fixed rate is nicely below the floating rate.
The chances of the floating rate falling near 0.4% in the next few months to reach the current two year rate are fairly slim – unless the world economy collapses or the NZD shoots soon to US 90 cents.”
– Tony Alexander, BNZ Chief Economist
Filed under: REAL ESTATE | Tagged: Real Estate