Reserve Bank OCR Slashed to 4.75%: Economic Impact and What It Means for NZ Homeowners
In a significant move that’s set to impact the New Zealand property market and broader economy, the Reserve Bank has cut the Official Cash Rate (OCR) by 50 basis points to 4.75%. This decision, announced on October 9, 2024, marks the second consecutive rate cut and signals a shift in […]
How to use our Mortgage Refinance calculator NZ to save money
Mortgage refinancing is replacing an existing mortgage with a new one, typically to take advantage of more favourable interest rates, reduced monthly payments, or to access equity in one’s property. When refinancing a mortgage, one effectively pays off the existing loan and obtains a new one, which may have different […]