Article #976496737
Wednesday, May 19th 2010, 7:01AM
The turning point has come.
Borrowers should start hopping out of a floating rate and into short-term fixed mortgage rates according to BNZ economist Tony Alexander.
Fourteen lenders increased their short-term rates over the last 10 days and lenders are expected to keep increasing short-term rates as the Official Cash Rate is expected to rise on June 10 after being historically low at 2.5% since last year.
There are no mortgage rate changes to advise of today.
| « | Yep, it's the two-year market for SBS » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
