Mortgage News

No OCR change this year, lower mortgage rates possible

Thursday 14th of March 2013

And it may even lead to lower mortgage interest rates.

A survey by this website last week showed that five of 18 economists expected some movement in the OCR by the end of this year. The surprisingly dovish tone of today’s announcement has put paid to that - and Wheeler says there will be no OCR hikes at least until the end of 2013.

While Reserve Bank governor Graeme Wheeler ackno...

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