Borrowers may want to be shopping around more for better deal following yesterday's double cut to the OCR. 

The Reserve Bank's signalling more cuts in April and May. 

All banks have started dropping short-term rates. 

New Zealand Home Loans Chief Executive Kip Hanna told Mike Hosking that's likely to continue as banks fight it out for available lending business. 

He says banks are becoming more competitive on rates and offers, and the structures can be just as important as the rates themselves. 

LISTEN ABOVE 

Borrowers may want to be shopping around more for better deal following yesterday's double cut to the OCR.&nbsp;
The Reserve Bank's signalling more cuts in April and May.&nbsp;
All banks have started dropping short-term rates.&nbsp;
New Zealand Home Loans Chief Executive Kip Hanna told Mike Hosking that's likely to continue as banks fight it out for available lending business.&nbsp;
He says banks are becoming more competitive on rates and offers, and the structures can be just as important as the rates themselves.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Kip Hanna: NZ Home Loans CEO on banks dropping short term mortgage rates after the OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/99a6875d-d24a-449b-b637-b289013c834d/transcript