Advice not to get caught up in the latest falling mortgage rates - and wait to see the next Official Cash Rate announcement
Advice not to get caught up in the latest falling mortgage rates - and wait to see the next Official Cash Rate announcement
6 November 2020
TSB is now offering a 2.49 per cent interest rate across both its two-year and 18 month terms.
OneRoof property commentator Ashley Church says next week's Monetary Policy Statement from the Reserve Bank will give clarity on what they're proposing to do with the Official Cash Rate.
He says it will be a guide to banks on how far they can go with dropping retail rates.
Church says at the moment retail rates for a year are around the two and half per cent mark but could drop significantly lower quite quickly.
© 2024 Newstalk ZB, NZCity