Westpac have raised their fixed mortgage lending rates this morning.
The increases are across the board.
They have also withdrawn their 18 month 5.69% fighting special.
And they have raised their capped rates.
None of their fixed rate offers have been spared, except their two year <80% LVR special which stays at 5.95%.
Their six month fixed rate goes up 10 bps to 5.50%.
Their one year fixed rate rises 36 bps to 5.85% from 5.49%.
Their standard two year rate increases 20 bps to 6.49%.
There is a big jump in the three year rate which rises 50 bps to 6.85%.
The increases for 4 and 5 year rates is 20 bps top 7.19% and 7.40% respectively.
Westpac's capped rates for one and two year lockdowns have risen between 40 and 50 bps.
These increases essentially match ANZ who have been sitting alone for a week with the highest offers on the home loan market. It seems likely now that other banks will use the ANZ benchmark too, which jumps expected by most of them in the next few days.
See all banks' carded, or advertised, home loan rates here.
Westpac's latest fixed rates compare as follows:
| below 80% LVR | 1 yr | 18 mths | 2 yrs | 3 yrs | 5 yrs |
 |
5.85% | 5.99% | 6.49% | 6.85% | 7.40% |
 |
5.69% | 5.85% | 6.29% | 6.60% | 7.20% |
 |
5.69% | 5.85% | 5.95% | 6.29% | 7.20% |
| Kiwibank | 5.69% | 5.99% | 6.40% | 6.90% | |
 |
5.85% | 5.99% | 5.95% | 6.85% | 7.40% |
| Co-op Bank | 5.49% | 5.85% | 5.99% | 6.35% | 7.10% |
 |
5.59% | 5.79% | 6.55% | 7.20% | |
| SBS / HBS | 5.50% | 5.75% | 5.90% | 6.20% | 6.85% |
| TSB | 5.40% | 5.85% | 5.99% | 6.40% | 7.20% |
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