The OCR changed this week, The Reserve Bank has upped it from 2.5% to 2.75%.
But mortgages are already high, some unlucky buyers are now finding they owe more than the value of their house as equity erodes.
So if you're in this situation, what can you do? Opes Mortgages Managing Director Peter Norris joins Tim Beveridge to answer your questions.
LISTEN ABOVE

Alexandra Martelli: What are the things people overlook when buying?
41:17

Martin Cooper: What's it going to take for the housing market turn around?
41:13

Allaine Burkett: How do you know how to price your house?
36:36