News - 26 November 2007

The Alpha Update

More Than Just Mortgages!

At Alpha Financial Solutions Ltd, we aim to provide you with the full picture when it comes to your financial and investment options. A great finance package is about more than just finding the lowest rate. It’s about compiling the best team of advisors to help you through the process.

We have long-standing relationships with a variety of trusted service providers in each of the following fields:

• Accountancy and Tax Consultancy Services
• Insurance and Risk Services
• Investment Planners and Advisors
• Legal and Conveyancing Services
• Advertising and Marketing Services
• A Wide Variety of RELIABLE Trades people
• Valuers and Building Inspection Companies
• And many more....

Our aim is to provide you with effective financial and business solutions to meet your current and future needs. We like to save you time by having all the information you need just a phone call away.

If you or anyone you know needs help in any of the areas mentioned above, call Stuart Duncan at Alpha Financial Solutions on 021 676 747 or 524 6062 now. We can help!

Food for Thought

"Only dull people are brilliant at breakfast" - Oscar Wilde

What's New??

• An Interest Rate DROP!! - ASB's 2 year rate down by 0.15%
• Cashflow Investor - new lending product allowing some of the interest cost to be capitalised into a revolving credit facility

For more information about any of these opportunities, email Stuart@alphagroup.co.nz

Interest Rate and Currency Comments

After a period of large interest rate increases, the past 2 weeks have been relatively stable. Any changes in rates have been small and confined to one or two lenders. A positive sign is ASB 's reduction in their 2 year rate by .15% today. Look for the other banks to follow suit.

The last 2 weeks has seen the kiwi oscillate against the US dollar and remain fairly static against the other major currencies. Further US dollar weakness is likely, but risk aversion will also keep the kiwi from rising too high.

(See below for latest interest and exchange rates).

The Finance Markets

As of 8am on Monday 26 November 2007 the following Interest Rates applied:
Official cash rate 8.25% (stable)
90 day bill rate 8.73% (up slightly)
5 year bond rate 7.02% (up slightly)
NZ/US Dollar 0.7532 (down from 0.7769)

Current Range of Interest Rates for home and investment mortgages as at 26 November 2007.

Floating:
9.7 to 11.40% (stable)

Fixed For:
1 Year - 9.25% to 10.45% (stable)
2 Year - 8.99% to 9.85% (down slightly)
3 Year - 8.90% to 10.25% (stable)
4 Year - 8.90% to 9.72% (stable)
5 Year - 8.77% to 9.75% (up slightly)

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.