First Home Buyers - November 19th Squirrel: Mortgage Rate Forecast for 2022 In last year’s mortgage rate forecast, we were of the view that rates would drop below 2% and stay low, which they did for most of 2021. We also felt that house prices would begin to …
First Home Buyers - November 15th Squirrel: Is it Better to Fix or Float your Mortgage? This is particularly relevant right now, while everyone is talking up inflation and higher interest rates. One thing is for sure, whether you fix or float your mortgage, you cannot avoid paying higher interest rates. …
First Home Buyers - November 8th Mortgage Rates to hit 5%: How Much Will Your Mortgage Cost? Mortgage rates are already on the up. Back in mid-July, the average mortgage rates for 1- and 2-year fixed mortgages looked like this: July 2021, average rates: Term 1-Year 2-Year Average rate 2.55% 2.86% Now they look like this: November 2021, average rates: Term 1-Year 2-Year Average rate 3.44% 4.03% Source: www.canstar.co.nz. …
First Home Buyers - September 1st Mortgage Rates: How Quickly Will They Rise? Recently we've published a few stories reporting impending interest rate rises. Usually, we don't go in for divination. But when the Reserve Bank (RBNZ) and economists such as Tony Alexander are both forecasting rate rises, …
First Home Buyers - August 20th Building A New Home? 14 Key Pieces of Advice from the Pros Building a new home can be a quite daunting process for first-timers. There are a lot of questions that need to be answered, and a lot of people who are relying on you to answer …
First Home Buyers - August 19th House Prices to Fall: A Good Time to Buy? For aspiring FHBs, the past 18 months have been hard. First came soaring house price inflation, then the Reserve Bank of New Zealand (RBNZ) announced it was going to tighten the loan-to-value ratio (LVR) restrictions, …
First Home Buyers - August 5th Mortgage Rate Rises: How Much Will They Cost You? 5… 4… 3… 2… 1… Blast-off! It’s not only billionaires lifting off. All indications are that interest rates are headed that way, too. Though hopefully not as fast or as high as Elon, Jeff and …
First Home Buyers - July 27th Breaking Down Six Important Home Loan Features What is a home loan? Before we look at home loan features, we need to know what a home loan is. A home loan or mortgage is a loan advanced to you by a financial institution …
First Home Buyers - June 28th Opinion: Are New Builds A Good Investment? The cult of personality is alive and well in the New Zealand property market, thanks to the next wave of self-styled property gurus. It’s a hangover from the 1990s that started with Richmastery. Only now …
First Home Buyers - June 23rd Essential Tips for Building a New Home When building a new home, the journey from the initial idea to the finished product has many steps. Many of those steps are entirely up to you, but there is some tried and tested advice …