OCR Drop Ahead: What This Means for NZ Mortgages in 2025
Summary The Reserve Bank is expected to reduce the Official Cash Rate (OCR) from 4.25% to 3.75% in February 2025, continuing a downward trend towards a neutral rate of 3% by mid-year. This shift is influencing bank lending rates, with some three-year mortgage rates already falling below 5%. International developments, […]
Converting Construction Loans to Standard Mortgages: NZ Timing and Strategy
Building your dream home or embarking on a property development journey in New Zealand is an exciting process. To finance these projects, many homeowners and developers rely on construction loans. However, these loans are designed to be temporary, transitioning into a standard mortgage once the construction is complete. Knowing the […]