News - 25 October 2005

Back to the Future.... See Below

Interest Rate and Currency Comments

A rise in the official cash rate on the 27th October is almost guaranteed. Some commentators are also expecting another rise of 0.25% before Christmas. Other fixed rates have been rising across the board over the last two weeks following increases in US long-term interest rates. Thus interest rate choice and flexibility are even more critical now.

Call me now to reassess your interest rate profile and loan structures.

The kiwi continues to remain high because of our interest rate premium against the rest of the world. As interest rates start to fall, so too will the currency.

(See below for latest interest and exchange rates).

Food for Thought

True power is knowing that you can, but you don't.

Business Update

Back to the Future

After an exploratory period of three months, I have decided to revert back to my previous brand and company of Alpha Financial Solutions Ltd.

Positive changes include a move to new premises at the end of the year and the employment of a personal assistant called Debra Fokkema. She will be dealing with more of the administrative matters allowing me to focus on increased customer contact. At present, we can both be contacted on the phone and fax numbers shown on this newsletter.

What hasn't changed is the quality and personalised service still offered by Stuart Duncan. (and now team)

If you or anyone you know requires personalised financial solutions, call Stuart Duncan at Alpha Financial Solutions Ltd on 0800 676 747 NOW!!

The Finance Markets

As of 8am on Tuesday 25 October 2005 the following Interest Rates applied:
Official cash rate 6.75% (stable)
90 day bill rate 7.32% (up)
5 year bond rate 5.98% (up from 5.95%)
NZ/US Dollar 0.7003 (up from 0.6979)

Current Range of Interest Rates for home and investment mortgages as at 25 October 2005.

Floating:
8.70% to 9.05% (stable)

Fixed For:
1 Year - 7.75% to 8.46% (up)
2 Year - 7.55% to 8.55% (up slightly)
3 Year - 7.60% to 8.50% (stable)
4 Year - 7.55% to 7.95% (up)
5 Year - 7.50% to 8.07% (up)

For a complete table of interest and exchange rates, click here.

The information stated herein was correct at the time of release, but is subject to changes without notice.