With the RBNZ announcing (last week, May 8th) that they’re lowering the Official Cash Rate to 1.5%, it’s a fact that borrowed money has never been cheaper in New Zealand. I can hear you rejoicing. And why not? It means your existing mortgage … Read more
June 15, 2012 By
Floating not the only option
Everyone knows staying on floating is the best thing to do at the moment, right? Maybe. Maybe not. This week the Reserve Bank (RBNZ) kept the Official Cash Rate (OCR) on hold and signalled no increase in this rate until next year, thanks in large … Read more