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 […]
Fixed or Floating? Making the Smart Choice When Refixing Home Loan NZ
refixing home loan NZ
The Cost of Breaking Up: Understanding Refinance Mortgage Break Fees in NZ
Refinancing a mortgage offers potential benefits such as reduced interest rates, lower monthly payments, or access to home equity. However, refinancing before the end of the current mortgage term may incur refinance break fees. These fees are imposed by lenders to recover potential interest income lost due to early termination […]