Westpac cuts fixed mortgage rates 5-25 basis points

Westpac cuts fixed mortgage rates 5-25 basis points
Westpac has announced it has cut its fixed mortgage rates by between 5 and 25 basis points in the wake of the 50 basis point cut in the Official Cash Rate by the Reserve Bank. Westpac cut its key 2 year fixed rate by just 5 basis points to 8.9%, matching the move by ASB Bank yesterday. Kiwibank has the lowest 2 year fixed rate at 8.49%, having cut it yesterday by 36 basis points. Here are the full rates and their changes from Westpac below. You can find the full list of comparable mortgage rates on our rates table here. Westpac Fixed home loan rates TERM RATE CHANGE 6 month 9.50% pa -0.25 1 year 8.95% pa -0.25 18 month 8.95% pa -0.15 2 years 8.90% pa -0.05 3 years 8.90% pa -0.20 4 years 8.95% pa -0.15 5 years 8.95% pa -0.15

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