GDP down, Mortgage Rates to Fall Further
📉The 2yr swap rate fell 0.16% yesterday, following GDP data showing a -0.9% in the Jun qtr. This is the same period when the RBNZ was speculating on OCR settings – yet those figures are now outdated, with the Sep qtr nearly over.
On the ground, we’re seeing green shoots: auction rooms are busy with strong bidding activity in the Sep qtr.
👉 What does this mean for mortgage holders?
The probability of a OCR terminal rate below the forecast 2.5% is increasing — giving banks scope to cut fixed mortgage rates as funding costs ease.
adviceHQ provides independent financial advice to help clients navigate these shifts — ensuring decisions aren’t driven by a single bank’s view, but by what’s best for you.
#mortgagerates #OCR #RBNZ #independentfinancialadvice #adviceHQ
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
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