Inflation Up, Mortgage Rates Up?
5.9% inflation ahead of RBNZ meeting on 23 Feb raises the chances of a 0.5% increase in the OCR (official cash rate). If this is the case it will flow onto mortgage rates with the possibility of banks getting ahead of the curve by raising rates early. To break or not to break your fixed rate? #adviceHQ #mortgagerates #inflation #OCR #RBNZ
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