Comments on: The Reserve Bank Drops OCR Today https://mortgagemanagers.co.nz/reserve-bank-drops-ocr-today/ Mortgage Managers Thu, 11 Aug 2016 08:40:31 +0000 hourly 1 https://wordpress.org/?v=7.1.3 By: Stuart Wills https://mortgagemanagers.co.nz/reserve-bank-drops-ocr-today/#comment-483 Thu, 11 Aug 2016 08:40:31 +0000 //northwestmortgages.co.nz/?p=3466#comment-483 In reply to Scott Gordon.

Yes, great news with lower rates looking like being here for a while yet.
Also agree that being able to build new is a really good option now .

]]> By: Scott Gordon https://mortgagemanagers.co.nz/reserve-bank-drops-ocr-today/#comment-480 Wed, 10 Aug 2016 22:00:49 +0000 //northwestmortgages.co.nz/?p=3466#comment-480 This is great news! Especially given the leniency still allowed in the residential construction sector, which means the 40% deposit rules don’t apply and if you are looking to build a new home, only require a 10% deposit. At COMPASS HOMES we are gearing up for the tidal wave of building required to ease the pressure on house prices, as we launch our new SOLID CONCRETE homes, built faster and at an affordable rate than the traditional wooden framed houses.

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