Article #976495537
Tuesday, August 25th 2009, 6:51AM
The main interest rate change yesterday was SBS Bank raising its one-year rate by 10 basis points to 5.80%.
In Expert Views today we sum up what the economists are thinking about interest rates. The main points are that swap rates have fallen in the past week, thus taking pressure off further home loan rate rises. Also ASB is suggesting the OCR will be cut next month and Westpac has some advice for borrowers.
Meanwhile there are some more positive signs for the housing market in this report.
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