Major announces further rate cuts

by 21 Feb 2014
Westpac has announced it will make further cuts to its two and three year fixed rate mortgages.
Westpac will offer packaged fixed rates of 4.84% (two years) and 5.09% (three years). This represents a cut of 0.05% and 0.04% respectively on the current rates.
Tony MacRae, Westpac’s general manager, mortgage broker distribution, says the cuts are a sign of the bank’s dedication to the broker channel.
“We are pleased to be able demonstrate our continued commitment in backing both our broker partners and their clients by offering competitive two and three year fixed rates for home owners and buyers who are looking for an opportunity to get ahead with mortgage repayments, or save on the things that will matter the most to them this year,” said MacRae.
The rates are effective Tuesday 25 February.