Mortgage rates have started to drop after the official cash rate (OCR) was cut by 25 basis points.
So what does this mean for your home loan and is now the time to break free of your fixed term?
Loan Market mortgage advisor Bruce Patten joined Paul Henry this morning to discuss whether this is the right time to break your mortgage.
"I think for some people, if the cost is right, it is [time to break your mortgage]," says Mr Patten. "If the chances are we will go down to two percent then absolutely and why not get into it."
Watch the video for the full interview.