RBNZ OCR Unchanged, Door Open for Cut in 2024
š²The 2yr swap rate fell 0.2% after the RBNZ OCR announcement, hitting levels not seen since Nov 2022.š²
ā¾Nov 2022: avg 2yr mortgage rate = 6.75%
ā¾Jun 2024: avg 2yr mortgage rate = 7.35%
That's a 0.6% increase in mortgage rates.
ā
Implication: if these levels hold, there could be room for mortgage rates to fall.
#adviceHQ #RBNZ #OCR #mortgagerates #interestrates
Poll: Do you set New Yearās resolutions?
š 2026 is almost here!
Weāre curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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10.5% Yes! New Year, New Me
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19.7% Yes - but I rarely stick to them
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69.7% Nah - not for me
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new āDecember bonusesā or ābenefit increasesā
If you get suspicious communication, please contact Netsafe.
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