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Home Loan Rate Report

Short-term rates to join the climb

Friday, 06 November 2009

RBNZ removes easing bias as economic backdrop improves and housing picks up.
Shorter-term interest now rising as markets factor in future OCR increases by RBNZ.
No clear cost advantage in fixing vs. floating, although fixing provides certainty for borrowers.

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Report Prepared by:

Nick Tuffley
ASB Chief Economist
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Fax: +64 9 302 0992

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