Last week the Reserve Bank cut the OCR interest rate to 1.75%. Will that impact you?
Don’t expect the banks to pass that onto borrowers. The banks are under pressure – with a few major providers who have increased their fixed rates and we expect other banks to follow suit. We have seen very low fixed rates recently – but that doesn’t mean it will continue that way. Are you ready for higher mortgages rates? If you have questions or would like to secure the best interest rates get in touch with our team on 0800 700 699. We would love to help you out.
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