Mortgages

The OCR remains unchanged at 3.25%

2 MIN READ July 9, 2025
The Reserve Bank has just announced that the Official Cash Rate will remain unchanged at 3.25%, the first pause since August 2024.

Watch as Nigel Perkins, Head of Mortgages at Haven, breaks down what this means for your mortgage strategy and why a steady OCR doesn’t mean it’s time to stand still.

What this means for borrowers

  • Floating rates are likely to stay put with no reductions expected in the short term.

  • Fixed rates may see minor upward pressure, but significant changes aren’t expected right now.

  • Inflation is creeping back into focus, adding uncertainty to future Reserve Bank moves.

Is your mortgage strategy still working for you?

Whether your fixed rate is coming up for renewal or you’re just keeping an eye on your finances, now is a great time to reassess your game plan. We can help you:

  • Stay ahead of market movements

  • Review your current mortgage structure

  • Make confident decisions in a shifting environment

Email us at mortgages@haven.co.nz, or call 0800 700 699 to book a review. Plus, when you book a mortgage review, you’ll go in the draw to win a $5,000 travel voucher! Find out more here.

The Reserve Bank’s next OCR announcement is on Wednesday, 20 August 2025.

*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.


Share this article

Talk to us today

0800 700 699

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Are you ready to get started?

Fill out your details below and someone from our friendly team will be in touch soon.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.