Mortgages

OCR cut to 3.5%: What it means for you

1 MIN READ April 9, 2025
Good news for homeowners and property investors! The Reserve Bank has announced a 25 basis point cut to the Official Cash Rate (OCR), bringing it down to 3.5%. This signals even lower mortgage rates on the horizon!

To help you understand how interest rates are changing, and what this means for your mortgage, our Head of Mortgages, Nigel Perkins, shares his expert insights in the video* below.

Is now the right time to review your mortgage?

With interest rates starting to ease, now’s a great time to reach out, especially if you’re

  • coming to the end of a fixed rate;
  • stuck on a high mortgage rate;
  • considering refinancing; or
  • planning to buy a new home or your first home.

“By understanding our clients’ mortgage journey, goals, and risk appetite, we can tailor the best solution to save time and money.” Nigel Perkins, Head of Mortgages, Haven Mortgage Advisers.

To start the conversation, get in touch with a Haven mortgage adviser at mortgages@haven.co.nz or call 0800 700 699.

Next OCR announcement

Mark your calendar! The Reserve Bank’s next OCR announcement is on Wednesday, 28 May 2025. Stay tuned for insights.

 

*The information contained in this video is for general information purposes only. It is not intended to constitute financial advice and does not take your individual circumstances and financial situation into account. We encourage you to seek assistance from a trusted financial adviser.


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