Archive: 17/03/2020

Houses13

OCR Cut & Coronavirus — What does this mean for borrowers?

Posted 15 months ago by Pope & Co. Mortgages

Almost every day the current situation is getting more and more unusual as the country is in a near 'lock down' mode. On Monday the OCR was cut by the Reserve Bank by .75% and almost immediately all the major banks dropped their floating rates accordingly. It remains to be seen if the fixed rates will also drop. 

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