While the implications of Official Cash Rate (OCR) cuts vary depending on individual circumstances, most borrowers can agree that when it comes to mortgage interest rates, lower is better! The OCR is a tool used by the Reserve Bank of New Zealand (RBNZ) to influence economic activity and inflation. When the OCR is high, borrowing…
Tag Archives: Mortgage Interest Rates
Refinancing – also known as remortgaging – allows you to replace your current mortgage with a better one so you can save on interest, borrow more, or pay off your home loan faster. Refinancing involves paying off your existing loan and then taking out a new home loan with a different bank or lender. The…