OCR Outlook And Your Mortgage Now
Big headlines say the OCR fell, but your bank rate barely budged. We open the bonnet to show why: lenders price off wholesale markets and move ahead of Reserve Bank calls, which is why retail rates don’t always mirror the cash rate. From there we get practical—how do you choose between a sharp short-term fix and the peace of a five-year rate around 4.99 percent? If you plan to stay put, value certainty, and want to protect your budget in case the next move is up later next year, a longer fix can make life easier. If you need flexibility or think you’ll sell, short terms can still be…
The skinny
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