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  Reply # 1168802 4-Nov-2014 19:54
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Geektastic:
rayonline:
Geektastic:
Dairyxox: Google ZIRP and NIRP.
Sure these arn't mortgage rates we can purchase off the street, but part of a modern "interest rate apartheid".


NZ seems to like high interest rates. (In Japan the rate for home loans is 0.49%...!)

Also if you look at NZ banks, the margin between what they borrow at and what they lend at is much greater than many comparable economies: I estimate our rates are at least 1% greater than they should be.


But so is the savings rate at .5 or 0.25%.  Maybe that is why they prefer to put money in NZ as an overseas investor.


Of course. Japanese housewives borrowing at 0.5% and getting 5% in NZ etc



Yep, the good old Yen carry trade. However, it only works if the currency doesn't move against you. There's a reason why the trade involving shorting Japanese Government Bonds to buy higher yielding ones in other currencies is known as the Widowmakerlaughing

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  Reply # 1168911 4-Nov-2014 22:30
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joker97: I wonder if it's going to get to 4.99 boxing day special


I still have $250,000 of our mortgage at that rate..!





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