Housing a 'likely' trigger for higher interest rates.
- Higher interest rates in the here and now look 'likely'.
- But interest rates are likely to decline in 2008.
- Meanwhile, a 2-year fixed rate remains a resonable trade-off for borrowers.
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Report Prepared by:
Chris Tennent-Brown
NZ Economist
Phone: (649) 374 8819
Facsimile: (649) 302 0992