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Realistbear

Higher I R Are Now Hitting New Zealanders

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http://www.odt.co.nz/article.php?refid=200...b5c251280f765fa

Homeowners hit by fixed-rate rise

Saturday, 29th April 2006

Tony Alexander

Auckland:
The news is bad for homeowners,
with several major banks lifting their fixed-mortgage rates.
Other lenders are also expected to increase their rates as the economy remains stronger than expected and international pressures tighten. The Bank of New Zealand is predicting a creeping up of fixed rates in coming weeks.
The increases will suck money out of consumers’ wallets on top of their extra spending on rapidly rising petrol prices.

More bad news for homeowners. Could all end in tears soon? :o

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And they think the party has just started with MORE to come:

http://www.nzherald.co.nz/section/story.cf...jectID=10379528

Mortgage rates rise - more to come :o

29.04.06

By Martin Johnston

The news is bad for homeowners, with several major banks lifting their fixed-rate mortgages.
Other lenders are also expected to increase their rates as the economy remains stronger than expected and international pressures tighten. The BNZ is predicting a "creeping up" of fixed rates in coming weeks.

Will we soon be hearing commentarys in the style of the person who gave live coverage to the Hindenburg Crash back in the early 1900's? Anyone remember hearing that recording--all the drama of the crash and people trying to get out as the great "bubble" fell from its lofty and arrogant height to a crumples heap on the ground.

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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