What is the OCR? The OCR is the interest rate set by the Reserve Bank of New Zealand (RBNZ). It acts as the benchmark for interest rates across the country – influencing everything from your mortgage repayments to how much you earn on your…
What It Means for You. Recently, the Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) to 3.75%. You might be wondering, “What does this mean for me?” Let’s take a closer look at how this change…
If you’re on a high-interest mortgage, you might be spending more than you need to. The good news? Changes in the housing market could help you save. By reviewing your mortgage and checking your property’s value, you might lower your…
