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

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The Property Academy Podcast

Opes Partners

2318 episodes

1 day ago

The Property Academy Podcast is a daily show that gives you insight, analysis and strategies for how to get the most out of the NZ property market. It's hosted by Ed and Andrew from Opes Partners. Ok, now for the legal bit. The Property Academy Podcast is for your general information. It’s not financial advice. So the hosts aren’t telling you what to do with your own money. We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.

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

The Property Academy Podcast

14 minutes 13 seconds

1 week ago

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

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.

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