Predicting the OCR Cut
Ready for a financial shakeup? The Reserve Bank's upcoming October 8th OCR announcement has the mortgage market buzzing with anticipation. What started as whispers of a modest 0.25% cut has evolved into predictions of a substantial 0.5% reduction – the largest we've seen since the COVID emergency response.
New Zealand's economy is struggling, with GDP down 0.9%, prompting decisive action from financial authorities. We're diving deep into what this means for everyday Kiwis with mortgages. Currently, the best fixed rates hover around 4.72% for 1-2 year terms, with most longer options sitting…
The skinny
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