Peter Norris: What does the OCR change mean for your mortgage?

The OCR changed this week, The Reserve Bank has upped it from 2.5% to 2.75%.

But mortgages are already high, some unlucky buyers are now finding they owe more than the value of their house as equity erodes.

So if you're in this situation, what can you do? Opes Mortgages Managing Director Peter Norris joins Tim Beveridge to answer your questions.

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