OCR increase to 5.50%
Reserve Bank has increased the official cash rate (OCR) by 25 points to 5.50% to tackle the inflation.
Some of the lenders have increased the mortgage rates immediately.
The impact on mortgages, specially being reviewed in the next few months can have significant jump in the mortgage payment.
Take a moment to read through the commentary on reserve bank website: www.rbnz.govt.nz......
Connect with us if you have mortgages up for review in the next few months.
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CHEMIST WAREHOUSE WESTGATE LIFESTYLE CENTRE NOW OPEN!
Find the new Chemist Warehouse at Westgate Lifestyle Centre, opposite Rebel Sport.
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Don't worry if you can't make it in-store, you can shop online 24/7 or use our convenient Click & Collect Service!
We look forward to seeing you soon!
Chemist Warehouse - Great Savings, Every Day!
What word sums up 2024, neighbours?
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!