OneRoof·3 min read·medium
OCR warning: Why homeowners should prepare for two more rate rises this year
K
Kelvin Davidson
✦AI Summary
Economist Ed McKnight warns New Zealand homeowners to prepare for two additional Official Cash Rate (OCR) increases this year following a surprise hike to 2.5%. The report notes that many borrowers are opting for longer-term fixed mortgage rates to mitigate uncertainty in the current economic climate.
Share twitter Share linkedin Share link How do you tell if you're in a buyer's market or a seller's market? Opes Partners economist Ed McKnight explains the drivers of each and what signs Kiwis should look for. Video / OneRoof
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