News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Reserve Bank raises OCR to 5.25%
This time around, Reserve Bank governor Don Brash met concensus expectations and raised his official cash rate (OCR) from 5% to 5.25%, the second rise of the current tightening cycle.
Home affordability declines
Home affordability has taken a sudden dive in the past months, due mainly to rising interest rates.
Rates expected to rise this week
Economists are picking that the Reserve Bank will raise the cash rate by 25, and maybe as much as 50 basis points on Wednesday.
NZ housing boom pales by global comparisons
New Zealand’s isn’t the only housing market that’s booming. According to The Economist magazine, it’s practically a worldwide phenomenon. And the performance of the New Zealand market looks tepid against the international picture.
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