Our flat lining OCR

You may ask why are we writing about the Offical Cash Rate on an insurance blog. Well, for all of you that read and follow our blog some of you just may be home owners, in fact we're pretty sure you are.

For those of you with a home and mortgage repayment cover or income protection or landlords protection insurance, house, contents and car... here is a little lead in to our sister blog in the mortgage area that we thought may be of interest.

OUR FLAT LINING OCR
From this morning's OCR announcement by Governor Bollard it seems our OCR is to flat line at 2.5% for just a little bit longer. Welcome news for home owners that are currently sitting on the floating rate. more>

Things to consider in the FIXED vs FLOATING debate:

• If interest rates rise do you have money in your budget to cover it?


• Are you on a fixed income and financially stretched as it is?


• Do you have the income to pay extra off your mortgage now?


• Do you want to repay your mortgage as quickly as possible?


• Is certainty of your budget critical?


• If interet rates increase - how far could your budget stretch?

If you want to know more - click here
or email us to request a mortgage review.

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