Are mortgage interest rates out of control?

Advertisement Freehold dream (Whanganui) The real question Your Views readers have to ask ourselves is not are they out of control,but who’s doing the controlling ? johnowid (Auckland) It is totally wrong. The government policy is totally wrong. It is only good for the rich people, who dont need to borrow moeny from the bank. They have spare money, put in the bank or other finance institution, and get higher interest rate.

Whilst for average people who have high mortgage, work for long hours but ironically most of the money for repaying the mortgage. algo (Auckland) Are banks out of control? Chris It is greed! There is no two ways about it. The banks, and oil companies and similar like these profit margins for their investors. Anything that gets in the way of healthy profits means prices go up. Government is conveniently blind to big corporations making huge profits.

I guess they are powerless to do anything about it. But just will not admit they (the government) are not really in control. The fat cats are, and they are smile at us from their pillars! Who is able to help us? No one it seems. Finally, it’s convenient to blame someone else. But harder to accept we are all to blame with our greed, especially big companies.