Fixed rates over different terms are starting to look more and more similar. For many years in NZ it has been the case that the longer you want to fix for, the more expensive it is. Could that change going forward? If the current trend keeps up, yeah.
Fix long or short?
As always my advice is consistent with this question. Make sure you get specialist advice(like us) from an adviser for your personal situation. Broadly speaking we will look at the need for certainty in repayments and balance this with mobility. So if there is some lump sum repayment on the horizon, certain amounts or the whole figure be shorter. If there is a large amount of lending relative to the income, there could be some need to ensure that there some bits on a longer term.
