OCR Versus Swap Rates And What Actually Shifts Your Mortgage Rate
Mortgage rate news can feel like a rollercoaster, but the real drivers are often hiding in plain sight. We sit down and talk through the question everyone’s asking: are New Zealand interest rates going up, and what should you actually pay attention to if you’ve got a mortgage coming up for renewal?
We get into why the OCR is only part of the story, and how wholesale rates and swap rates can push bank pricing around even when the Reserve Bank hasn’t moved. We also touch on inflation pressure, petrol prices, and the wider global uncertainty that keeps the market volatile. The honest truth: we…
The skinny
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