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Global Unrest & Your Mortgage: Why Events in Iran Matter to NZ Homeowners
In the last few weeks, headlines have been dominated by the escalating crisis in Iran and the effective closure of the Strait of Hormuz. While these events feel worlds away from the New Zealand property market, they are currently the primary drivers behind the recent “pivot” in local mortgage rates.
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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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