Displaying 6 of 6 articles tagged with fixed rate Remove filter
What Happens to Interest Rates When the OCR Changes?
If you’re a homeowner or thinking about getting a mortgage, you’ve probably heard about the OCR — the Official Cash Rate. But what exactly is it, and how does it affect your home loan interest rate? As Mortgage Advisers, we often get asked this question, so here’s a clear explanation of how OCR changes influence interest rates.
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Why Splitting Your Mortgage is a Smart Move When Interest Rates are Falling
With interest rates showing signs of potential decline in 2025, many homeowners are considering how to structure their home loans to get the best financial outcome. One effective strategy is splitting your mortgage — dividing it between fixed and floating rates. This approach can provide the stability of a fixed-rate loan while allowing flexibility to take advantage of falling rates.
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What to Do When Your Loan Is Up for Refixing and Rates Are Falling
When your mortgage is coming up for refixing, it’s a chance to evaluate your financial situation and take advantage of what’s happening currently with rates continuing to fall. Lower rates can reduce your monthly repayments, but there are several key steps to consider to make the most of this opportunity.
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Interest Rates are Falling: What Kiwi Homeowners Need to Know About Break Fees
With the recent announcement from the Reserve Bank on easing the OCR Banks have responded by reducing interest rates they have on offer that triggers many homeowners to think about refinancing their mortgages to take advantage of the lower rates. While securing a lower interest rate and potentially reducing your monthly payments is attractive, it’s important to understand the potential costs involved, particularly the break fees associated with breaking your existing mortgage.
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5 Essential Tips to Navigate Higher Interest Rate Rises When Your Mortgage Comes Off Its Fixed Rate
After the recent sharp rises in interest rates navigating the best way to deal with these can be a crucial aspect of managing your finances. When your mortgage comes off its fixed rate, dramatic changes with interest rate rises can pose challenges.
5 Ways our Mortgage Advisers Can Help Customers with your Mortgage Renewal
As your fixed-rate mortgage term comes to an end, it’s essential to make informed decisions regarding your next steps. This is where our mortgage advisers can provide valuable assistance. Our Mortgage Advisers are experts in the lending industry who can guide you through the process of transitioning from a fixed-rate mortgage to a new arrangement. In this blog post, we’ll explore five ways we can help customers who have their mortgage coming off their fixed rate.
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