172 days ago

RBNZ OCR Unchanged, Door Open for Cut in 2024

Financial Adviser, Director from adviceHQ

💲The 2yr swap rate fell 0.2% after the RBNZ OCR announcement, hitting levels not seen since Nov 2022.💲
◾Nov 2022: avg 2yr mortgage rate = 6.75%
◾Jun 2024: avg 2yr mortgage rate = 7.35%
That's a 0.6% increase in mortgage rates.
✅ Implication: if these levels hold, there could be room for mortgage rates to fall.
#adviceHQ #RBNZ #OCR #mortgagerates #interestrates

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More messages from your neighbours
9 hours ago

What word sums up 2024, neighbours?

The Team from Neighbourly.co.nz

If 2020 was the year of lockdowns, banana bread, and WFH (work from home)....

In one word, how would you define 2024?

We're excited to see what you come up with!

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3 days ago

Best way to use leftovers?

The Team from Neighbourly.co.nz

I'm sure you've got some excess ham at home or cold roast potatoes.

What are some of your favourite ways to use leftover food from Christmas day? Share below.

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11 days ago

Poll: Would you rather: Christmas in summer forever or winter forever?

The Team from Neighbourly.co.nz

Just a bit of a fun poll to get you thinking.

If you had to live out your Christmas days, would you prefer it was a summer Christmas or a winter Christmas?

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Would you rather: Christmas in summer forever or winter forever?
  • 62.6% Summer
    62.6% Complete
  • 35.9% Winter
    35.9% Complete
  • 1.5% Other - I'll share below
    1.5% Complete
1903 votes