OCR cut to 3.5% – What it means for you

To help you understand the opportunities, market expectations, and what this means for your mortgage, our Head of Mortgages Digby Butcher, shares his expert insights in the video* below. 

“We expect to see floating rates drop immediately, with possible shifts on short term fixed rates too.” Digby Butcher, Head of Mortgages, Enva Financial.

Time to review your mortgage?

With some great mortgage deals in the market, now’s an ideal time to check if you’re still on the best mortgage rate, especially if you’re:

• Coming to the end of a fixed rate;
• Refinancing; or
• Planning to buy a new home.

Ready to get started?

Our expert advisers can help explore your current situation and identify the best possible option across a wide range of lenders.

Get in touch with an Enva mortgage adviser at mortgages@enva.co.nz or call 0508 287 672.

Next OCR announcement

The Reserve Bank’s next OCR announcement is on Wednesday, 28 May 2025. Stay tuned for insights on what it could mean for interest rates and your mortgage strategy.

*The information contained in this video is for general information purposes only. It is not intended to constitute financial advice and does not take your individual circumstances and financial situation into account. We encourage you to seek assistance from a trusted financial adviser.