The Importance of Reviewing Your Home Loan Amid Changing Interest Rates
Interest rates are a fundamental aspect of the financial landscape, influencing not only the cost of borrowing but also the broader economy. When interest rates fluctuate, they can significantly affect home loans, which are often the largest financial commitment individuals make in their lifetimes. A rise in interest rates typically […]
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 […]