GDP down, Mortgage Rates to Fall Further
šThe 2yr swap rate fell 0.16% yesterday, following GDP data showing a -0.9% in the Jun qtr. This is the same period when the RBNZ was speculating on OCR settings ā yet those figures are now outdated, with the Sep qtr nearly over.
On the ground, weāre seeing green shoots: auction rooms are busy with strong bidding activity in the Sep qtr.
š What does this mean for mortgage holders?
The probability of a OCR terminal rate below the forecast 2.5% is increasing ā giving banks scope to cut fixed mortgage rates as funding costs ease.
adviceHQ provides independent financial advice to help clients navigate these shifts ā ensuring decisions arenāt driven by a single bankās view, but by whatās best for you.
#mortgagerates #OCR #RBNZ #independentfinancialadvice #adviceHQ
Poll: šļø Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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81.5% Same!
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18.5% Would have liked to try something different
Some Choice News!
Many New Zealand gardens arenāt seeing as many monarch butterflies fluttering around their swan plants and flower beds these days ā the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, whoās made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new āDecember bonusesā or ābenefit increasesā
If you get suspicious communication, please contact Netsafe.
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