Why won’t my mortgage rate drop to the same level as the Official Cash Rate?

Why won’t my mortgage rate drop to the same level as the Official Cash Rate?. Why won’t my mortgage rate drop to the same level as the Official Cash Rate?

Why won’t my mortgage rate drop to the same level as the Official Cash Rate? video duration 5 Minute(s) 12 Second(s), published by Prosperity Finance_NZ Mortgage Broker on 13 08 2019 - 20:00:02.

New Zealand's Reserve Bank (RBNZ) cut the official cash rate (OCR) from 1.5% to 1%
Will New Zealand mortgage rates go down further in 2019?. Today we touch briefly on the main bank lending rates, or commonly known as mortgage interest rates, how they differ and why you should use a mortgage .

With New Zealand's largest team of Mobile Mortgage Managers, ANZ will help get you home Our sibling reverse mortgage lender, Heartland Seniors Finance New Zealand, asks New Zealanders what's important to them in retirement, and how they plan New Zealand's Reserve Bank (RBNZ) cut the official cash rate (OCR) from 1.5% to 1%
Will New Zealand mortgage rates go down further in 2019?

New Zealand’s Reserve Bank (RBNZ) cut the official cash rate (OCR) from 1.5% to 1%. Will New Zealand mortgage rates go down further in 2019? Many Prosperity clients have saved a lot by re-fixing their loans and securing a much more competitive interest rate. So, with this latest OCR development, should you now re-fix your loan to a one or two-year fixed term with lower interest rates? In this week’s blog, we discuss all of these questions and how you could respond to the OCR drop.
Learn more: https://prosperityfinance.co.nz/blog/why-wont-my-mortgage-rate-drop-to-the-same-level-as-the-official-cash-rate-

Video Timeline:
1. How did New Zealand’s major banks react with mortgage cuts? 00:16
2. Are rates for investment property loans the same as home loans? 01:17
3. Will New Zealand mortgage rates go down further in 2019? 02:13
4. How long should I fix my mortgage for in 2019? 03:39

Other videos that you might like:

Should I re fix my mortgage now or wait for my fixed term to expire?
https://www.youtube.com/watch?v=mPUHtVWh2Y4&list=PLYRO0hFTxpD6Z1aXTqwDSnoy7klvrpykW&index=3

Should I fix my loan to a three year fixed term to capture lower interest rates of 3.95%?
https://www.youtube.com/watch?v=x1CiUF3niy4&list=PLYRO0hFTxpD6Z1aXTqwDSnoy7klvrpykW&index=2

How to improve loan structure to save on interest, repay your debt faster, and become mortgage free?
https://www.youtube.com/watch?v=jhYM-j79qFY&t

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https://www.youtube.com/watch?v=6uP1k1UhyPU&t

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