Borrowers may want to be shopping around more for better deal following yesterday's double cut to the OCR.
The Reserve Bank's signalling more cuts in April and May.
All banks have started dropping short-term rates.
New Zealand Home Loans Chief Executive Kip Hanna told Mike Hosking that's likely to continue as banks fight it out for available lending business.
He says banks are becoming more competitive on rates and offers, and the structures can be just as important as the rates themselves.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The Mike Hosking Breakfast