Aotearoa / New Zealand

1648 readers

8 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

For politics , please use [email protected]
Shitposts, circlejerks, memes, and non-NZ topics belong in [email protected]
If you need help using Lemmy.nz, go to [email protected]
NZ regional and special interest communities

Rules:

Don't be a dick

FAQ ~ NZ Community List ~ Join Matrix chatroom

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago

MODERATORS

[email protected]

'Home loan relief coming' after cash rate cut (www.rnz.co.nz)

submitted 2 months ago by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

Home loan borrowers can expect rates to fall throughout the rest of this year and next, commentators say.

The Reserve Bank cut the official cash rate by 25bps to 5.25 percent on Wednesday.

While it was a move that was forecast by several economists, it was a u-turn from the bank's position in May. Infometrics chief executive Brad Olsen described it as a "WTH moment" and "the biggest flip-flop ever".

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 2 months ago (1 children)

Well, some good news for once. I've been fixing at 6 months the last few renewals, in the hope rates will start to drop.

[–] [email protected] 0 points 2 months ago

We've also been on 6 month renewals, but only refixed last month so hopefully we see another drop before Christmas! Not holding me breath, though.