"Just wanted to say a big Thank You for making my dream come true. I never thought that owning my own home was possible, but you showed me that it was! I just love my new little house, and am so pleased with how things worked out. I found the whole experience working with you so hassle free, and easy to understand. Thank you too for keeping me informed as to how things were going every step of the way. You were so patient with me, despite all my questions and my changing my mind a couple of times! I am going to get my sister to call you because I know you can make her dreams a reality too!"
Raewyn Martin, Rotorua

Many commentators, earlier this year, were saying that interest rates may go up 4 to 5 times in 2010. One bank economist was predicting that interest rates may have starting rising back in March. This did not happen and so far this year we have had only one interest rate increase. My view is that interest rates may not go up that much more this year. New Zealand’s economic recovery, which is happening slowly, can best be described as fragile. We have had the European debt crisis which took many by surprise and caused the world share markets to dip by 15%. They have since recovered a little bit in recent weeks. There is some talk that the Chinese economy may slow down as well. Given this and the fact that governments around the world still want to support their economies, interest rates are set to remain relatively low for sometime yet.  The Reserve Bank will likely lift the OCR this Thursday from 2.75% to 3.00% and this is likely to lead to a response to increase floating and 6 months rates by up to 0.25%.