OCR cut to 2.50%

The big news for the day and to be fair it was expected by most of the banks economists... the Reserve Bank Governor cut the official cash rate by half a percent to 2.50%.

This is big news for all home owners and first home buyers as it prompted the banks to slash their floating rates within minutes of the announcement and it looks likely that the interest rates may hold steady for the remainder of the year.

If you have a floating rate mortgage or your fixed rate is due to expire now is the time to talk to your mortgage broker. Don't miss the opportunity to maximise the current low rates so that you and your family get the best possible financial benefits.

So, what is your "mortgage" plan for 2011?

• Do you want 2011 to be better that 2010?
• Where do you want to be and how are you going to get there?

Now is the time to think about what you want to achieve financially - Mortgage People can help you kick start your financial plan. We have a free online 'fact find' that will navigate you through your finances so that together we can rearrange your debts to improve your cash flow.

Want to talk to us now? Call free 0508 PEOPLE or email ...