Questions have been asked as to what the impact of the Official Cash Rate hike is going to be on mortgages.

The Reserve Bank lifted it by 50 basis points to 4.75 percent on Wednesday.

Meanwhile, the banks are supposedly discounting one and two-year fixed rates, but it's behind closed doors.

Financial advisor Sue Tierney joined Kate Hawkesby to explain.

LISTEN ABOVE

Questions have been asked as to what the impact of the Official Cash Rate hike is going to be on mortgages.
The Reserve Bank lifted it by 50 basis points to 4.75 percent on Wednesday.
Meanwhile, the banks are supposedly discounting one and two-year fixed rates, but it's behind closed doors.
Financial advisor Sue Tierney joined Kate Hawkesby to explain.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.