8 percent mortgage rate threat passes

Homeowners have been spared the threat of mortgage rates above 8 per cent, as the Reserve Bank continues to hold back on interest rate hikes. The central bank kept the official cash rate (OCR) on hold at 3.5 per cent, as was widely expected.

Homeowners have been spared the threat of mortgage rates above 8 per cent, as the Reserve Bank continues to hold back on interest rate hikes. The central bank kept the official cash rate (OCR) on hold at 3.5 per cent, as was widely expected.

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