"Andre Stokes is nothing short of phenomenal. I had tried to get a home loan on numerous occasions from as many banks, without success, before being introduced to Andre. He made it seem so easy by believing in me and virtually taking me by the hand and walking me through the process in a way that nobody else had bothered to do.  My successful entry into the property market, and subsequently into property rental market, is entirely due his guidance and his belief in me."
Allen Elliott, Hamilton

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%.