The OCR stay UN changed again as the Reserve Bank Governor kept the rate at 2.5% with house sales heating up slightly he thinks that dropping the rate will increase people buying houses and he is probably correct.
The problem is the banks are making record profits and the rates are the lowest in over 20 years.
Stay floating unless you have a high floating rate, any floating rate at 5.75% is too high (if you have a 90-95% LVR this is a good rate).
