Mortgage rates have bottomed, regardless of further OCR cuts
Further cuts in the Reserve Bank's official cash rate probably won't have any impact on the housing market.
Mortgage and other borrowing interest rates probably won’t go any lower than current levels, regardless of what the Reserve Bank does.
That essentially takes some of the pressure off the central bank, which has repeatedly expressed concerns at both the pace of house price inflation, 11.7% in the
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Mon, 26 Sep 2016
Mon, 26 Sep 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Mortgage rates have bottomed, regardless of further OCR cuts
61901