Banks have begun slashing shorter-term mortgage rates following today's cuts to the OCR, but experts have issued a warning to homeowners.

Reserve Bank policymakers are again warning borrowers not to hold their breaths for substantive cuts to longer-term mortgage rates.

NZ Herald Wellington business editor Jenee Tibshraeny explains the factors behind today's cuts.

LISTEN ABOVE

Banks have begun slashing shorter-term mortgage rates following today's cuts to the OCR, but experts have issued a warning to homeowners.
Reserve Bank policymakers are again warning borrowers not to hold their breaths for substantive cuts to longer-term mortgage rates.
NZ Herald Wellington business editor Jenee Tibshraeny explains the factors behind today's cuts.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the banks cutting down mortgage rates after OCR decision

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ba66c115-7cb0-4522-a566-b28900737780/transcript