Posts Tagged ‘westpac’
Experts Advise to Fix Short Term »
Many experts are advising the best option at the moment is to fix your mortgage for short terms. This week HSBC bought it's 6month rate down to 5.39% which is now the lowest six-month rate on offer. Westpac and Public Trust also cut their six-month rates bringing them to 5.50%. I have just fixed my ANZ loans for the short term as well.
Fantastic Drop »
The Reserve Bank yesterday reduced the official cash rate (OCR) by 150 basis points to 3.5%. Kiwibank was the first bank to reduce its rates with Westpac following closely behind. At the end of day all the other major banks had followed suite and made reductions to rates across the board, some passing on up to 100 basis points or more. All the [...]
