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.
#mortgage #financialadviser #financialadvice #mortgagereview #firsthomebuyer #refinance #ocr #officalcashrate #mortgagerates #skfinancialgroup
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