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.
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Disqualified Participants’ are: (a) all Haven Financial Advisers employees (b) all people under the age of 18 years.
The Competition begins on Monday 13th March 2023 to Wednesday 31st May 2023.
Complete a financial review with any of Haven’s advisers for any service during the entry period and you will receive one entry into the Competition.
The final winner will be drawn on Monday 5th June via random selection by Haven Financial Advisers.