[David with a dream]

Who is offering the best mortgage rates and anyone know of a web site to get this info from so we can compare....Cheers..David

[jaycee]

This any use David?

http://www.interest.co.nz/mortgages.asp

I'm wondering if the low (compared to the floating figures) long term fixed rates are due to the lenders trying to get and keep business, or an indication of a future rate drop?

[Avalon]

David,

If you need to work out what the rates mean in practice, tehn Westpac has the best online calculators for playing iwth mortgage figures. Particulary - thier "Fine tune your loan" can be used to show the difference that added patyments etc can make.

Also, look at Sorted.co.nz, for comparisons and calculators.

Though if you are like me - they can become addictive - but maybe im just a bit odd that way.

[Moorf]

Jaycee - re your musing over whether they are out to get business or whether there's a rate drop on the cards... last week we renewed our mortgage and fixed it for just 6 months on the advice of our financial advisor. Seems that many fixed rate mortgages came to and end at the beginning of this year and so the banks marketing machines kicked into action to acquire new or retain existing customers with fixed "low" rates. However, we were advised to fix just for 6 months as more cuts may be on the way at the end of the year. Can't guarantee this but it's what we have been advised for the time being and we can always renew in 6 months time.....

[David with a dream]

:cheers for the replys guys............David