News - 10 December 2007

Happy Christmas!!

The team at Alpha Financial Solutions Ltd would like to wish you a safe and relaxing Christmas break. Our office will be unmanned from Friday December 21st 2007 until Monday January 14th 2008. However, Stuart will be contactable via email and mobile (021676747) during the holiday period.

The Alpha Update

Pre-Christmas deals

Rushing around trying to get everything done before Christmas? There is still time to sort out any financing you may need before the holidays

At this time of year, many banks and other lenders have pre-Christmas deals on offer. But you probably wont have the time to do the research on what deals are around - you’re busy doing the Christmas shopping, tidying your desk, and getting ready for the summer holidays. So we’ll keep this brief....

At Alpha Financial Solutions we know the finance market intimately and are constantly researching loan products and offers for our clients. We can help you find the best deal, assist with the paperwork, and help save you loads of time and stress in getting it all organised.

If you or anyone you know still needs help getting financing organised before the holidays, call Stuart Duncan at Alpha Financial Solutions on 021 676 747 or 524 6062 now. We can help!

Food for Thought

In order to trust others, you must first trust yourself.

What's New??

• 40 year principal and interest loans!

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

Interest Rate and Currency Comments

The Reserve Bank left the Official Cash Rate unchanged last week, however the accompanying statement gave the market the jitters. There remains considerable upward pressure on the domestic economy, and therefore interest rates. The only mitigating factor at present is the international credit crunch, which is having a significant affect on global credit markets. The demise of Capital and Merchant Finance last week was another reminder that we are very much part of the global economy now. Banks have kept interest rates stable thus far, but changes are likely to be upwards not down.

With Reserve Bank's around the world dropping their Official Cash Rates, the kiwi dollar will strengthen because our interest rates are higher than those of the US, England, or the Euro bloc. The kiwi is vulnerable to rapid changes in sentiment, which could see the exchange rate drop just as quickly as it has risen.

(See below for latest interest and exchange rates).

The Finance Markets

As of 8am on Monday 10 December 2007 the following Interest Rates applied:
Official cash rate 8.25% (stable)
90 day bill rate 8.87% (up slightly)
5 year bond rate 7.25% (up)
NZ/US Dollar 0.7775 (down from 0.7532)

Current Range of Interest Rates for home and investment mortgages as at 10 December 2007.

Floating:
9.49 to 11.40% (stable)

Fixed For:
1 Year - 9.25% to 10.45% (stable)
2 Year - 9.05% to 10.05% (up slightly)
3 Year - 8.99% to 10.25% (stable)
4 Year - 8.90% to 9.72% (stable)
5 Year - 8.75% to 9.75% (stable)

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.