The week in a word. Frozen

Even though we had the OCR this week you would have to call it a quiet week. No home loan rate changes to report and even the wholesale markets have been quiet.

Tony Alexander at BNZ sums it up: "The (OCR) statement was slightly more hawkish than anticipated so there has been some mild upward pressure on wholesale interest rates which wiped out some declines earlier in the week occasioned by weak data offshore."

The most activity has been BNZ and Kiwibank trumpeting their offset products in the mainstream media. But this is what you need to be thinking about.

And to wrap the week up have a read of this story. It's a great one for any mortgage brokers who have been involved with KiwiSaver.