Uma Chand: Mortgage Broker: Cross Country Mortgages

12/01/2026

Here are the key OCR dates to watch for in 2026

06/12/2025

Thank you for this wonderful feedback! At Cross Country Mortgages, we are honored to help you navigate the path to homeownership. Your trust is the greatest reward and thank you for letting us be a part of this milestone.

03/11/2025

Ready to be our next success story
We are sincerely grateful for your generous 5-star testimonial on Google. Thank you for trusting us. https://xcountrymortgages.co.nz/

11/06/2025

Only 5% deposit? No problem! Your dream home is closer than you think. Let’s make it happen—chat today!

01/06/2025

Break free from renting—own a home with just a low deposit!

31/05/2025

With interest rates constantly changing, now’s the perfect time to review your home loan and explore your refix options. At Cross Country Mortgages, we’re here to help you:

28/05/2025

The Reserve Bank has cut interest rates by 25 basis points – the OCR now sits at 3.25%

26/05/2025

Change in rates

BNZ the next to jump the gun with a -25 bps floating rate cut ahead of the anticipated move in the OCR by the BNZ

25/05/2025

Inflation skyrocketed to a 30-year high of 7.3% in mid-2022, prompting the RBNZ to aggressively hike the Official Cash Rate (OCR)—from a historic low of 0.25% in October 2021 to a peak of 5.5%. But with inflation now cooling, the central bank has cautiously eased rates since August 2023, bringing the OCR down to its current 3.5%.

The latest Consumer Price Index (CPI) shows annual inflation at 2.5% (March 2025), comfortably within the RBNZ’s 1-3% target band—and right at its 2% sweet spot.

Yet the road to stability hasn’t been smooth. The economy took a hit last year, with GDP shrinking 2% over the June and September quarters before rebounding slightly (+0.7% in Q4). Meanwhile, unemployment climbed from 4.0% to 5.1% in 2024 and held steady there in March 2025—just below the RBNZ’s forecast of 5.2%.

25/05/2025

The Reserve Bank will likely cut the Official Cash Rate from 3.50% to 3.25% this week—but beyond that, it’s anyone’s guess.

This Wednesday’s OCR review will be accompanied by a fresh Monetary Policy Statement (MPS) from the RBNZ—a roughly 60-page deep dive into the bank’s economic outlook, packed with analysis, charts, and even a few photos. The last MPS was released alongside February’s OCR decision.

All eyes will also be on Governor Christian Hawkesby’s performance. Officially in the role for six months, he’s widely expected to be angling for the permanent position. While he oversaw April’s OCR decision, this will be his first time leading both the press conference and the MPS release—a key test of his leadership

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06/05/2025

ANZ bank is now offering 10 years interest only period for property investor home loans!

TSB is the only other bank that can do 10 years interest only.

Normal ANZ lending criteria applies.