OCR cut explained: what brokers need to know for clients

The Reserve Bank cut the OCR to 3% and signaled more cuts ahead. That means mortgage rates are likely to keep easing, giving clients some relief on repayments. But with the economy slowing and house prices still under pressure, it’s a good time to help borrowers think carefully about their next refix or new loan. [READ ON]

Plus: Auckland adviser Jeff Royle re-brands and expands offshore, targeting expat Kiwis looking to buy back home. [READ ON]