Official Cash Rate - unchanged

Once again The Reserve Bank today left the Offical Cash Rate (OCR) unchanged at 3%.

Reserve Bank Governor Alan Bollard said "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage."

Further comment from the Governor stated that with the recent increase in the rate of GST, it is expected that the headline inflation will rise however the subdued state of domestic demand suggests the inflation spike will have limited impact on medium-term inflation expectations.

There was also comment on our household 'caution' when it comes to our spending and the housing market activity being 'muted'.

With this latest news if you are looking at how best to take advantage of the interest rates while they are low and remain steady give us a call and lets talk through the options available to you.

See our best interest rates here.

FIRST HOME BUYERS

Great news...

• Its a buyers market,
• Interest rates are fairly low, and
• The lenders have their 'spring campaigns' out with special offers!

All of this combined with the ability to use your contributions to KiwiSaver towards the deposit (if you've been in KiwiSaver for 3 years) add up to a great time to buy your first home.

Are you a First Home Buyer?

Do you know a First Home Buyer?

Our best tip : use a mortgage brokers knowledge, expertise and reputation with the lenders to get you the best possible deal!

As mortgage brokers - we work for you, our services are free as the lender pays us, and we'll negotiate the best possible interest rate and any fees that may apply! Plus, we walk you through the whole process and will deal with not only your lender, but your solicitor as well and any other professionals that may be involved!

You don't need to go it alone, if you have not used a broker before or may be you have - give us a call and find out about the Mortgage People experience; it'll cost you nothing and we'll do all the talking with the bank!

FREE First Home Buyers FAQ

FREE First Home Buyers "where to start" guide

If you know a First Home Buyer - share this blog & free information...

LENDING UPTO 90% now available

Over the past couple of weeks a few of the lenders have advised lending up to 90% is available again. It would be fair to say though, that lending criteria is still fairly tight at this level.

As your brokers, thats where we add value! We talk through deals with our lenders daily to ensure we are always up to speed with whats happening and how the various credit teams are feeling about the market. There is still a bit of uncertainty out there but you can be sure we'll be upfront about what we can do for you and what just won't work right from the start.

If you are in need of refinancing your current debt give us a call, interest rates are still pretty low and in some instances we may be able to get up to $1,000 towards your legals if you need to move your lending.


PS - if you know someone who should talk to us about their mortgage please pass this on!

WANTED Mortgage and Insurance Advisers

We have an opportunity to build or expand your own business within your local community, and you'll be backed by one of the strongest and oldest brands in the Mortgage and Insurance broking industry - us!

There are a limited number of opportunities so if you are keen to find out more check out our full advert on TradeMe... or if you know someone looking pass this on!