interest rates Archives - Page 2 of 2

How should you talk to your bank? Like a boss, says Damian Christie

29 November 2016

When the time comes to re-fix your mortgage rate, it pays to shop around, says TV presenter, documentary producer and man with a Twitter account, Damian Christie. “I’ve always thought the banks are pretty hopeless at retaining their customers,” Damian says. “They offer a lot of enticements to new customers: free TVs, free money, low interest rates.” But that seems to be where the batteries run out. “It seems like they just assume people can’t be bothered moving once they’re…

If house prices crashed by 40%, what would the country look like?

By: Credit Simple

22 November 2016

Imagine, in this uncertain world, that house prices – those house prices that keep rising and rising and rising – finally run out of rocket power. Imagine, even, that they actually drop. Maybe 10%, maybe 20, maybe 40. Would that be economic doom for us all? Are people so deep in mortgage debt that a big fall might bring the whole New Zealand economy down with them? Hive News publisher and business commentator Bernard Hickey has been following our housing…