Interest rate moves - Fixed mortgage rates from all the major banks dropped last week reflecting lowered global interest rates. This is a moving dynamic, however, with the Reserve Bank expected to increase the official cash rate (OCR) again on 29 July by 25 basis points (from 2.75% to 3.00%), followed by further gradual increases in step with the economic recovery.  Now is a good time to review your mortgage lending to ensure you are getting the best deal. I use an excellent mortgage broker who my clients have used with great feedback. If you want independent and quality advice just drop me an e-mail…it may save you a lot of money! Email me at - leonie@leoniesnook.com.

Leonie Snook, Top Wellington Real Estate Agent