A mortgage broker is advising people to hedge their bets as uncertainty continues over upcoming Official Cash Rate announcements.  

Centrix is hoping the Reserve Bank will make more cuts, as its latest Credit Indicator report shows almost half a million New Zealanders are behind on repayments, with consumer arrears levels up 1.3%. 

Key Mortgages' Jeremy Andrews told Andrew Dickens people shouldn't necessarily hope rates will drop.  

He suggests fixing loans midterm, adding he's never seen so many people with floating rates.  

The next OCR announcement is due in a fortnight on February 19. 

LISTEN ABOVE 

A mortgage broker is advising people to hedge their bets as uncertainty continues over upcoming Official Cash Rate announcements. &nbsp;
Centrix is hoping the Reserve Bank will make more cuts, as its latest Credit Indicator report shows almost half a million New Zealanders are behind on repayments, with consumer arrears levels up 1.3%.&nbsp;
Key Mortgages' Jeremy Andrews told Andrew Dickens people shouldn't necessarily hope rates will drop. &nbsp;
He suggests fixing loans midterm, adding he's never seen so many people with floating rates. &nbsp;
The next OCR announcement is due in a fortnight on February 19.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Jeremy Andrews: Key Mortgages broker on the number of Kiwis in arrears, upcoming OCR announcements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d354686f-fc0a-4a04-b57d-b279015f22b2/transcript