OCR drops to 3.75% – Time to Refinance and Invest in Property?
This week, the RBNZ bank dropped the OCR by 50 basis points to 3.75%. If passed on by the banks, a 50 basis point (0.50%) drop in mortgage rates would reduce the interest paid on a mortgage, lowering the monthly repayments. By refinancing, you could reduce your monthly payments by locking in a new low […]