Quick Finance Market Update with David Windler

Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.

Hear from the finance legend himself, Dave Windler, a quick snapshot of what's going on with interest rates, OCR, Swap rates, QE, Bank Appetite, and more...

 

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To contact Dave: https://mortgagesupply.co.nz/ To book for the latest Property Traders Report ONLINE ($5 donation) go here: https://www.eventbrite.co.nz/e/property-traders-report-live-online-charity-fundraiser-tickets-162884426705

Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.

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Finance Update from David Windler at Mortgage Supply Company

Check out the legendary David Windler giving a market update in this ever-changing finance environment! 

Here's all the good oil. 

 

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Battle of the Banks: Insight into NZ's Current Interest Rate Wars: Mortgage Supply Co

Original article Here

bank-wars-interest-rates

In reaction to the speculation that the official cash rate and OCR may drop below zero in the months to come and the bid to win the business of Kiwi home buyers as the country recovers from COVID-19, we've seen the banks enter what looks like an interest rate war.

In fact, just last week ASB made the move to offer a record-breaking low two-year fixed rate of 2.69%, and Kiwi Bank responded to the forecast change by offering a one-year rate of 2.65%. These rates have literally never been seen before, even considering back in '08 after the GFC when interest rates plummeted by around 3% (from 8.6% to 5.9% fixed) the competitive and reactive environment we're witnessing now is utterly unprecedented.

So what's the reasoning behind the extremely low interest rates and New Zealand Bank wars? Well, ASB executive manager of retail banking, Craig Sims, stated;

"This has been a difficult time for a lot of our customers. While we have put in place a number of support...
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