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Why Bank Interest Rates Aren't Dropping (Explained)⎥Ep. 2256

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Manage episode 519427235 series 2620646
Content provided by Opes Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Opes Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

When the Reserve Bank cuts the OCR, how long does it actually take for the banks to follow?

In this episode, Ed and Andrew dig into two years of real data to reveal which banks move fastest, how long rate cuts really take, and whether it’s worth floating your mortgage before a drop.

You’ll learn:

  • The median time it takes each major bank to cut rates after the OCR falls
  • Which banks move the fastest (and which drag their feet)
  • Whether floating before a cut could actually save you money

Ed and Andrew break down the numbers and show how timing your loan decisions could mean hundreds (or even thousands) in savings.

And you can download your copy of the spreadsheet mentioned here.

And you can check out the Current NZ mortgage interest rates here.

For more from Opes Partners:

  continue reading

2319 episodes

Artwork
iconShare
 
Manage episode 519427235 series 2620646
Content provided by Opes Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Opes Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

When the Reserve Bank cuts the OCR, how long does it actually take for the banks to follow?

In this episode, Ed and Andrew dig into two years of real data to reveal which banks move fastest, how long rate cuts really take, and whether it’s worth floating your mortgage before a drop.

You’ll learn:

  • The median time it takes each major bank to cut rates after the OCR falls
  • Which banks move the fastest (and which drag their feet)
  • Whether floating before a cut could actually save you money

Ed and Andrew break down the numbers and show how timing your loan decisions could mean hundreds (or even thousands) in savings.

And you can download your copy of the spreadsheet mentioned here.

And you can check out the Current NZ mortgage interest rates here.

For more from Opes Partners:

  continue reading

2319 episodes

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