Jenee Tibshraeny: NZ Herald Wellington business editor on what today's OCR cut means for mortgages
Many mortgage holders will be relieved to hear that the OCR has been brought down by an addition 50 basis points.
Despite this, one expert is warning that borrowers might need to keep their enthusiasm about the interest rates in check.
NZ Herald Wellington business editor Jenee Tibshraeny explained that there were other factors impacting interest rates.
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