The monetary policy tightening is an experiment, which means New Zealand mortgage holders should not take big risks with their mortgage.<\/p>\n
How fast interest rates increase is a guessing game. Homeowners need to minimise and spread risk to combat increases. You can take the increase in cost straight away by fixing your interest rate for a five to seven year period. The other option is to fix bit by bit over the next two to four year period by sitting on floating and short-term fixed. We think rates will go up 1% this year, 1% in 2015, which means floating rates could be at 8% in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"
The monetary policy tightening is an experiment, which means New Zealand mortgage holders should not take big risks with their mortgage. How fast interest rates increase is a guessing game. Homeowners need to minimise and spread risk to combat increases. You can take the increase in cost straight away by fixing your interest rate for […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"What Should We Do With Our Mortgages - Tony Alexander BNZ Economist - colinrealestate","description":"The monetary policy tightening is an experiment, which means New Zealand mortgage holders should not take big risks with their mortgage. How fast interest rates"},"footnotes":""},"categories":[5532],"tags":[],"class_list":["post-588","post","type-post","status-publish","format-standard","hentry","category-real-estate-2"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=588"}],"version-history":[{"count":2,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/588\/revisions"}],"predecessor-version":[{"id":591,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/588\/revisions\/591"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}