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.

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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.&nbsp;
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

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective

Peter Norris: What does the OCR change mean for your mortgage?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/076f6e19-b98c-43be-987b-b4bc00558f6f/transcript