The recent OCR cut has sparked speculation about its impact on home loan rates. Forecasts hint at a drop to around 3 percent, potentially affecting retail rates in the 5 to 5.5 percent range. However, the shift in wholesale markets could thwart significant reductions in mortgage rates. Kim Mundy from ASB points out the complexity of factors influencing retail rates, including the OCR. As homeowners consider financing for home renovations, staying informed about market dynamics is crucial. Stay tuned for updates on how these changes may affect home loan rates in the future. Read more