There is some interest rate relief for borrowers following the release of employment data today. Many economists are now forecasting the next OCR increase will be smaller than expected and that the peak of the OCR cycle maybe lower. That's good news for short term rates.
Meanwhile, two-year swap rates are coming back. With so many borrowers due to refinance this year that is good news. [Here's our report].
Comments
No comments yet.
Sign In to add your comment