If you've been keeping an eye on the news lately, you've probably seen plenty of headlines about interest rates, inflation, the property market, and ongoing economic uncertainty. While it's easy to get caught up in the noise, there are still opportunities for homeowners who take a proactive approach. The Reserve Bank recently announced that the Official Cash Rate (OCR) will hold at 2.25%. While there was no increase, the announcement carries a strong message about where interest rates could be heading next. At the same time, the property market appears to be in a more balanced phase. Recent Cotality data shows that the national median property value remained unchanged in May at $808,187. Here on the North Shore, the median property value is $1,283,457.

So what does this mean for you? The good news is that there is still time to get ahead of any potential changes.

• If your mortgage is due to come off its fixed rate in the next three to six months, now is an ideal time to review your lending and explore your options.
• With a balanced property market, buyers and sellers can make more considered decisions without the pressure of rapid price movements experienced in recent years.
• Rather than trying to predict where interest rates or house prices will go next, focus on making sure your mortgage is set up to support your goals. 

The key message from us: Don’t panic, but don’t ignore it either. And this is where a mortgage adviser can help. Whether you're looking to improve cashflow, create certainty around future repayments, or simply understand what options are available, a mortgage review can often uncover opportunities you may not have considered. 

As a local mortgage adviser, I work for you, not the bank. I compare lenders, negotiate on your behalf, and help navigate the process from start to finish. More importantly, I work alongside my clients to create a lending strategy that supports their goals and adapts as life changes.

Call Jess Barlow – your local Mortgage Adviser
021 5377 01
jessica@mortgagesupply.co.nz