[Moorf]

Well, it's up again, kinda pleased that we got a 1 yr fixed mortgage (fixed at 7.5 for a year) - but what are peoples thoughts/research on where it is going? Or does anyone really know?

We have based our affordability of houses on the worst case scenario of 10% mortgage rate. Currently rates range from 7.5 - 8.9%. :eek

[debnjohn]

Currently rates range from 7.5 - 8.9%. :eek

Gosh, that's quite high, isn't it? No idea what drives interest rates over there (well haven't got a clue over here either :oops: :P ), so I guess a fixed rate at 7.5% is quite a good deal. I can only imagine ('cos were not there - yet :hopeso ) that removing uncertainty over mortgage payments has to be a big plus. I think I'd do the same.
John.

[foolsgold99]

I thought this must have happened, but couldn't find anything about it until now.

I have a live intraday chart of the GBP / NZD running on the laptop last night (yes, I'm deeply sad), The pound suddenly dropped 3 cents on the dollar. Only explanation for that was a base rate hike in NZ.

I'm not happy about this, my mortgage is going to cost more, and I'm going to have less of a despoist, as this will reduce the number of dollars we get when we do our assest transfer.

Might rent for a bit longer than planed, until the NZD falls to a sensible level.

[debnjohn]

I have a live intraday chart of the GBP / NZD running on the laptop last night (yes, I'm deeply sad), The pound suddenly dropped 3 cents on the dollar. Only explanation for that was a base rate hike in NZ.
I don't think that's sad - it's cool! Is a paid-for service? Heard today that UK interest rates are being held again, so that ain't gonna help either. I'm also thinking along the lines of renting when we get over, and 'timing' the currency transfer as it makes more of a difference. Is it possible to hold UK-house sale proceeds in an offshore account and avoid tax on the interest ? (Jumping the gun a bit, we don't have PR yet and our house isn't on the market :? )
John.

[jubjub]

The "sad" one the pair of us has gone to bed with his book!

Heres the link:-

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/16/intraday.stm

[debnjohn]

The "sad" one the pair of us has gone to bed with his book!

Heres the link:-

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/16/intraday.stm
Got it ! :nice1
Cheers :P That's my evenings entertainment sussed then ! :laugh :laugh
John

[Moorf]

We use Intellichart http://quote.fxtrek.com/misc/fxcm.asp

Once page loads go to "File" and "more..." and put in the currencies you want to use i.e. GBP/NZD and you can then tailor the intervals at which it checks (down to realtime :laugh ) and how you want the chart displayed etc - great for those cold evenings in front of the woodburner! :nice1

[leslie]

i believe intterest rates in canada were pushing 20-25% at one point. after that everything seems easy...