In a surprise move OCR held at 2.75%
It was a close call, but the Reserve Bank decided to leave the OCR unchanged today - just days out from the election.
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Top Mortgage Rates
| AIA - Go Home Loans | 4.00 |
| Unity First Home Buyer special | 4.15 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| SBS Bank Special | 4.69 |
| China Construction Bank | 4.85 |
| Co-operative Bank - First Home Special | 4.89 |
| ASB Bank | 4.99 |
| ANZ Special | 4.99 |
| TSB Special | 4.99 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| ICBC | 4.99 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.29 |
| Co-operative Bank - First Home Special | 5.29 |
| AIA - Go Home Loans | 5.35 |
| ANZ Special | 5.35 |
| ASB Bank | 5.35 |
| BNZ - Std | 5.35 |
| Kiwibank Special | 5.39 |
| SBS Bank Special | 5.49 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| AIA - Go Home Loans | 5.75 |
| Westpac Special | 5.75 |
| BNZ - Std | 5.75 |
| ASB Bank | 5.75 |
| Co-operative Bank - First Home Special | 5.89 |
| Kiwibank Special | 5.89 |
| TSB Special | 5.99 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.79 |
| CFML 321 Loans | 4.20 |
| ICBC | 5.39 |
| Co-operative Bank - Standard | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| Kainga Ora | 5.79 |
| Pepper Money Prime | 5.99 |
| Unity Special | 6.04 |
| Unity Standard | 6.04 |
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[OCR held] Economists divided; RBNZ governor says no political interference. What it means for the housing market
What a day it has been for interest rates. In our latest story on the RBNZ decision to hold the OCR at 2.75% we have one economist applauding the move; another is flabbergasted the OCR was held.
Meanwhile, RBNZ governor Anna Breman says, even though the election is just 10 days away, there was no political interference in the decision.
And to wrap it all up Cotality's Kelvin Davidson explains what it means for mortgage rates and the housing market.
READ ALL ABOUT IT HERE
On a totally different note we have a great little video here with one of Prospa's new business development managers Ryan Dennehy-Beals. WATCH IT HERE