
Mortgage News
OCR cut will provide new focus
Wednesday 3rd of September 2008
This will provide a new focus for activity in the mortgage market, which has remained quiet over the past week. The Reserve Bank announced its first cut in the OCR for five years on 24 July and there is a market consensus that there will be another reduction next week of 25 basis points to 7.75%. Westpac economists say in their latest economic commentary that a no-change decision by the Res...
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