Do we need to get used to 6% mortgage interest rates again? And what can you do if you’re coming off a fixed term and facing higher repayments?

The latest inflation data gave the Reserve Bank (RBNZ) and economists a bit of a shock. At 7.2%, it was much higher than anyone had forecast, and it means the RBNZ is likely to be more aggressive with its official cash rate rises. A higher official cash (OCR) rate leads to higher mortgage rates. Home loan rates are already in the mid-5% range – how much higher are they likely to go?

Watch the video below to learn about “Re-fixing Strategies” to help you manage your loans more effectively.

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