There is some interest rate relief for borrowers following the release of employment data today. Many economists are now forecasting the next OCR increase will be smaller than expected and that the peak of the OCR cycle maybe lower. That's good news for short term rates.
Meanwhile, two-year swap rates are coming back. With so many borrowers due to refinance this year that is good news. [Here's our report].
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1 Slumping house prices good news for first home buyers
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2 More buyers with low deposits getting into housing market
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3 Why some mortgage advisers say splitting is good when interest rates are low
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4 Keeping a lid on house prices – housing supply outpaces population growth
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5 Predictions for big OCR drop next month
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