Mortgage Update - September 3 2010 Sep 03, 2010 No Comments
Welcome to the latest installment of Mortgage Update on the Fundit blog, where I review the bank’s regular economic reports, and, along with my own views, presenting the relevant points in an easy-to-read format. I welcome your questions and comments – feel free to send them through to glenn@fundit.co.nz
Economic uncertainty, oh how I missed you. Just when I thought myself free of your roguish charms, there you are, in from the cold, glorious, triumphant. Double dip? I’m not even sure Mr Whippy does that anymore, and in any case their chocolate tastes like cardboard.
What a couple of weeks. Talk of double dips, deflation, inflation and South Canterbury is making my head spin. What does it all mean?
Mortgage Update - August 12 2010 Aug 12, 2010 No Comments
Welcome to the latest installment of a new feature here on the Fundit blog, where I review the bank’s regular economic reports, and, along with my own views, presenting the relevant points in an easy-to-read format. I welcome your questions and comments – feel free to send them through to glenn@fundit.co.nz
The effects of the Reserve Bank’s 25 basis point OCR increase have filtered through to mortgage rates, with all major retail banks adjusting their rates in the past week or so. Those of you who read my predictions in the immediate aftermath of the OCR rise will of course want to know how I performed. Ahem. Well, it seems that although I was accurate in my view that longer-term rates would fall slightly, I was incorrect when guessing that the banks wouldn’t pass on the full 0.25% OCR increase to floating rates. As it turns out, they did. The appropriate punishment has been administered, and I promise not to be so careless again.
Weekly Mortgage Update - July 30 2010 Jul 30, 2010 No Comments
Welcome to the latest installment of a weekly feature here on the Fundit blog, where I review the bank’s regular economic reports, and, along with my own views, presenting the relevant points in an easy-to-read format. I welcome your questions and comments – feel free to send them through to glenn@fundit.co.nz
Interest Rate Outlook
The Reserve Bank yesterday released its July update, upping the OCR from 2.75% to 3.00%.
Currency market fluctuations aside, this didn’t have much of an impact – continued increases in the OCR have been foreshadowed by the Reserve Bank for a while now, and having been anticipated by the market these increases had already been ‘priced in’ to longer-term rates.
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Mortgage Update Jul 23, 2010 5 Comments
Welcome to the first installment of a new weekly feature here on the Fundit blog, where I’ll be reviewing the bank’s regular economic reports, and, along with my own views, presenting the relevant points in an easy-to-read format. I welcome your questions and comments – feel free to send them through to glenn@fundit.co.nz
Fundit - Betting the Banks with Idealog May 21, 2010 No Comments
Idealog the magazine of New Zealand Creative Business, Ideas and Innovation has recently released an article on the trends of the ‘opt-in generation’ - Generation C; What does the C stand for? Control, commanding the digital environment empowers this generation to carve out their identity by taking that control and making it ‘their own’.
Sir Eion Edgar awarded Senior New Zealander of the Year 2010 Feb 10, 2010 No Comments
Following the conferral of a Knighthood last year, the awards of New Zealander of the Year 2004 and Entreprenur of the Year, an Honorary Doctorate of Laws from Otago University and many other accolades, Sir Eion’s philanthropic and other commuity services have been further acknowledged by his recent award of 2010 Ryman Healthcare Senior New Zealander of the Year.
Trust in money men plummets Jul 28, 2009 No Comments
Rob Stock reports on a SST survey of how they rated financial advisers, mortgage brokers and others for trustworthiness…. the results were, not surprisingly, not flattering for those advisers/brokers.
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Housing recovery? Jul 11, 2009 2 Comments
ASB reports in its quarterly that “the housing market is showing stronger signs of recovery: having been the first part of the economy to succumb to downturn in 2007, it is also the first to turn the corner. Housing construction looks set to have a solid pick-up from late 2009.”
Rates still too high? Jul 11, 2009 1 Comment
Reserve Bank Governor Alan Bollard announced the release of a report on bank interest rates and margins, amid growing concern from some quarters that the large banks are charging higher interest rates than they should. Floating rate mortgages are “unusually high” at the moment, the Reserve Bank said.
Unwinding overevaluation - further housing price falls inevitable? Jun 05, 2009 1 Comment
The dreaded ‘R’ word (Recession) is showing signs of retreat on the housing market - with prices up and sales turning around faster. However, indications from the Reserve Bank are that significant further falls must follow if we are to rebalance the coffers.
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