OCR

2025 - 2 - 18

TSB Bank Gets Ahead of the Game: Home Loan Rates Get a Snip Before OCR Decision!

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Hot news for home buyers! TSB Bank slashes mortgage rates right before the Reserve Bank's crucial decision on cash rates! What does this mean for Kiwis?

TSB Bank is making waves in the mortgage market as it drops one of its home loan rates just before the Reserve Bank's highly anticipated decision on the official cash rate (OCR) tomorrow. This bold move is catching the attention of Kiwis, especially those looking for a new home or considering refinancing. With the bank lowering its rates ahead of a likely decrease in the OCR, borrowers might just feel like they’ve hit the jackpot!

With TSB leading the pack, other banks are now under pressure to respond as the race for the best mortgage rates heats up. This is especially significant as experts predict that the OCR could fall to 3.75% shortly, making borrowing even more appealing. Kiwis might be feeling that now is the time to act before the market changes. But while TSB may have taken the initiative this time, mortgage expert worries suggest that banks are not likely to cut rates much further, leaving potential borrowers pondering their options.

Also in the spotlight is First Mortgage Trust (FMT), which recently made a strategic move of its own by appointing Jacob Sun as its Auckland Business Development Manager. With over 15 years of banking experience under his belt, Sun is expected to bolster FMT's presence in the market, just as the lending landscape is shifting beneath our feet. Clearly, things are buzzing in the banking sector, making it an exciting time for both lenders and borrowers alike!

As TSB basks in the pre-OCR review limelight, it’s essential to keep an eye on how these developments impact Kiwis' financial decisions moving forward. Remember that while these rates may be appealing now, the market could shift dramatically, so staying informed is crucial. There’s never a dull moment in New Zealand’s home loan scene!

Did you know that a 0.25% decrease in the OCR can lead to significant savings on home loans? Even a small dip can save homeowners thousands over the course of their mortgage. Additionally, TSB's latest rate drop signifies not just a change in their strategy but a reflection of the growing competition among banks clawing for their slice of the mortgage market pie!

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Image courtesy of "New Zealand Herald"

TSB bank moves to drop home loan rates ahead of OCR decision (New Zealand Herald)

Ahead of the Reserve Bank's decision on the official cash rate tomorrow , TSB Bank has moved in dropping one of its home loan rates. The bank has cut its...

FMT Expands in Auckland & RBNZ Survey Offers Reassurance ... (goodreturns.co.nz)

First Mortgage Trust (FMT) has appointed Jacob Sun as Auckland Business Development Manager, bringing 15+ years of banking experience to strengthen FMT's ...

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Image courtesy of "OneRoof"

Why Kiwis might pass on mortgage rate of 4.99% as OCR cut looms (OneRoof)

Banks are unlikely to cut further, warns mortgage expert., All things property, under OneRoof.

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Image courtesy of "Interest.co.nz"

TSB grabs the pre-OCR review limelight (Interest.co.nz)

TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other ...

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Image courtesy of "Stuff.co.nz"

First bank cuts rates in OCR week (Stuff.co.nz)

Ahead of the Official Cash Rate likely being lowered to 3.75% on Wednesday, a major bank has cut mortgage rates.

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Image courtesy of "1 News"

Bank cuts short-term home loan rates ahead of OCR decision (1 News)

It has moved to lower some of its mortgage rates ahead of the widely-expected lowering of the official cash rate tomorrow.

BNZ cuts key 6-month rate ahead of OCR announcement - BNZ ... (BNZ Debrief -)

BNZ today announced it is cutting its advertised 6-month fixed home loan rate to 5.89% p.a, effective from tomorrow. BNZ Executive Customer Products and ...

RBNZ Survey Offers Reassurance Ahead of OCR Decision & FMT ... (goodreturns.co.nz)

Tuesday, February 18th 2025, 9:25AM ... TSB Bank is setting the pace with its 1-year interest rate ahead of the upcoming OCR review. See how it stacks up against ...

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Image courtesy of "RNZ"

Two banks to cut interest rates ahead of Reserve Bank's February ... (RNZ)

BNZ said it was reducing its six-month home loan rate to 5.89 percent, effective Wednesday. Spokesperson Karna Luke said there had been a spike in people ...

BNZ Cuts Key 6month Rate Ahead Of OCR Announcement (Scoop.co.nz)

BNZ's new advertised 6-month rate is the joint-lowest of the five major banks* and will be available for new and existing customers to select online and in ...

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Image courtesy of "1 News"

OCR preview: You betcha — it's likely another rate cut (1 News)

The Reserve Bank's first decision of 2025 is likely to be another cut, writes 1News Business Correspondent Katie Bradford.

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Image courtesy of "goodreturns.co.nz"

Some comfort for RBNZ ahead of Wednesday's OCR review - Good ... (goodreturns.co.nz)

The RBNZ’s latest survey of expectations will give it some solace ahead of its OCR decision on Wednesday.

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Image courtesy of "NZ Advisor"

NZIER advocates for substantial OCR reduction (NZ Advisor)

The NZIER monetary policy shadow board has voiced a strong recommendation for the Reserve Bank (RBNZ) to lower the OCR by 50 basis points to 3.75% in the ...

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Image courtesy of "Stuff.co.nz"

How our OCR compares to other countries (Stuff.co.nz)

Aotearoa's Official Cash Rate is expected to drop to 3.75% this week - but how does our interest rates compare to other countries?

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Image courtesy of "Stuff.co.nz"

BNZ cuts six-month mortgage rate ahead of OCR update (Stuff.co.nz)

The move comes after TSB cut several rates, and before the Reserve Bank announcement.

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Image courtesy of "Newstalk ZB"

OCR preview: Economists predicting rate cut from the Reserve Bank (Newstalk ZB)

The RBNZ is largely expected to lower the OCR by 50 basis points tomorrow, with two major banks already announcing rate cuts. Infometrics principal economist ...

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Image courtesy of "NZ Advisor"

Anticipated OCR cut may not lead to lower mortgage rates, adviser ... (NZ Advisor)

As the Reserve Bank (RBNZ) prepares for its first meeting in three months, expectations are high for a potential cut in the OCR from 4.25% to 3.75%.

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Image courtesy of "New Zealand Herald"

Economists confident in 50-point OCR cut and 10-step energy plan ... (New Zealand Herald)

Economists confident in 50-point OCR cut, 10-step energy plan proposal, and possible cuts to university funding.

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Image courtesy of "Newstalk ZB"

"Looks done and dusted": Reserve Bank expected to slash OCR by ... (Newstalk ZB)

That would take the cash rate from its current 4.25% to 3.75%. BNZ Chief Economist Mike Jones told Mike Hosking that things are tracking as the Reserve Bank ...

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Image courtesy of "New Zealand Herald"

Economists confident in 50-point OCR put and 10-step energy plan ... (New Zealand Herald)

Economists confident in 50-point OCR cut, 10-step energy plan proposal, and possible cuts to university funding.

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Image courtesy of "RNZ"

Reserve Bank cuts OCR by 50 basis points to 3.75% (RNZ)

The Reserve Bank (RBNZ) has delivered the widely expected half a percentage point (50 basis points) cut to the official cash rate (OCR) to a two year low of ...

NZers didn't need this much pain to reduce OCR (Green Party of Aotearoa New Zealand)

“The collateral damage of Christopher Luxon and Nicola Willis' decisions mean more inequality, more homelessness, more climate-changing emissions, more ...

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Image courtesy of "Otago Daily Times"

Major banks cut rates following OCR drop (Otago Daily Times)

But one economist has warned the bank may be about to "overshoot" with its rate reductions, and cut too far. Kiwibank said it was passing on the full OCR cut to ...

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Image courtesy of "New Zealand Herald"

Official Cash Rate (OCR) live updates: Reserve Bank Governor ... (New Zealand Herald)

The Reserve Bank has cut the Official Cash Rate (OCR) by 50 basis points in its February Monetary Policy Statement. The move takes the OCR from 4.25% to...

OCR 375 OCR Reduced Further As Inflation Abates (Scoop.co.nz)

Economic growth is expected to recover during 2025. Lower interest rates will encourage spending, although elevated global economic uncertainty is expected ...

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Image courtesy of "Interest.co.nz"

Reserve Bank delivers promised 50-point Official Cash Rate cut (Interest.co.nz)

The RBNZ has been cutting the OCR after gaining confidence that the period of elevate interest rates has helped to rein in inflation. Inflation soared through ...

RBNZ cuts OCR by 50pb, signals further cuts sooner - Good Returns (goodreturns.co.nz)

As expected, the Reserve Bank cut its official cash rate (OCR) to 3.75% and signalled further cuts of up to 90 basis points this year but no cuts beyond ...

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Image courtesy of "Stuff.co.nz"

Five key takeaways from Reserve Bank's latest OCR decision (Stuff.co.nz)

Reserve Bank Governor Adrian Orr expressed confidence in the economy's direction, signalling the potential for further cuts throughout 2025.

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