Mortgages

OCR cut to 3.75%: What it means for you

1 MIN READ February 19, 2025
The Reserve Bank has just announced a 50 basis point cut to the Official Cash Rate (OCR), bringing it down to 3.75%. This move was widely expected and signals further softening in interest rates, which could bring fresh opportunities for homeowners, buyers, and investors.

 

In our latest video*, Nigel Perkins, Head of Haven Mortgages, breaks down what this change means, including:

  • How soon interest rates will adjust
  • Where rates are heading
  • The impact this will have on borrowing power
  • What this means for you

Next OCR announcement

Mark your calendar! The Reserve Bank’s next update is on Wednesday, 9 April 2025.

Is now the right time to review your mortgage?

With interest rates shifting, now is a great time to reassess your mortgage and ensure it’s working for you. The right structure can make a big difference, and our team is here to help you navigate your options. Get in touch at mortgages@haven.co.nz to start the conversation.

*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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