Funny Money
By
It is interesting to see the change in sentiment over recent months regarding interest rates. Since the RBNZ raised rates last week there would have normally a doom and gloom warning from all quarters.
But the reality is, as I advised last year, that as more people are now on floating rates slight movements in interest rates now have an effect so there is no imminent disaster looming. In fact it looks more and more like we could enjoy a low interest rate environment for some time. I have been talking to people in the industry this week and the general opinion remains the same. Stay floating until there is a clearer reason to fix mortgage rates.
And make sure YOUR focus is on reducing your debt so that when rates do rise you won’t care.
Good news for a Monday 
Stay Inspired and Stay Safe ~ Dean Letfus
The Wandering Investor
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