Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=8XPCNF618Fn Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Why mortgage rates don’t follow the OCR | The Prosperity Project [KXRDOYdFgwb] Health Updated on August 07, 2026 EDT — Published on August 07, 2026 EDT The OCR has risen, but does that automatically mean your mortgage rate will rise with it? Economist and commentator Bernard Hickey explains what really drives fixed mortgage rates, why New Zealand’s banks remain exceptionally profitable, and whether the Reserve Bank has moved too soon while the economy remains weak. He also decodes the jargon surrounding monetary policy — including hawks, doves, neutral rates, LVRs and DTIs — and considers whether New Zealand can build a functioning economy without relying on house prices to keep climbing. Check out our playlists: NZ Herald Facebook: NZ Herald Instagram: NZ Herald Twitter: FIR7h39KbU8 V4fGRWWpThf jiBr7hF9I9h T1TE6bkWKVm Lesqud60n8M
The OCR has risen, but does that automatically mean your mortgage rate will rise with it? Economist and commentator Bernard Hickey explains what really drives fixed mortgage rates, why New Zealand’s banks remain exceptionally profitable, and whether the Reserve Bank has moved too soon while the economy remains weak. He also decodes the jargon surrounding monetary policy — including hawks, doves, neutral rates, LVRs and DTIs — and considers whether New Zealand can build a functioning economy without relying on house prices to keep climbing. Check out our playlists: NZ Herald Facebook: NZ Herald Instagram: NZ Herald Twitter: FIR7h39KbU8 V4fGRWWpThf jiBr7hF9I9h T1TE6bkWKVm Lesqud60n8M