Mortgages

OCR cut to 3%: Watch what it means for your mortgage

1 MIN READ 20/08/2025
A fresh cut to the Official Cash Rate (OCR) has just landed, bringing it down to 3%. What does that mean for your mortgage, and what should you be thinking about next?

 

Watch our latest video update as Nigel Perkins, Head of Mortgages, explains what this drop means for borrowers and how it could impact your next lending decision.

What the OCR drop means for borrowers

  • Some banks have already started adjusting rates ahead of the announcement, with more changes expected soon.
  • Lower rates can ease cash flow pressure for households. However, future interest rate settings remain uncertain
  • Markets are now forecasting some future upward interest rate pressure, through rising inflation (next year and beyond)
  • Many clients are now splitting their lending or fixing for longer terms to help manage that uncertainty.

Thinking about your next move?

Let’s find the right structure for your situation. Book a free mortgage review with the Haven team and get expert support tailored to your goals.

Click below to request a call, 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, 8 October 2025.


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