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ISCOVER
Staff Reporter
Westpac has slashed the interest on its one-year fixed rate, suggesting demand for fixed rates is still strong.
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Yesterday, the major announced it had trimmed the interest on its one-year fixed rate home loan, taking the new rate to just 4.79 per cent.
The offer is available to new borrowers and is effective immediately for a limited period.
Customers applying for new loans will be able to fix mortgages over $150,000 with the new one-year packaged discount.
The new rate is available through the award-winning Premier Advantage Package and includes a discount of 0.65 per cent on the existing headline offer.
“Yet again, Westpac is showing that we can respond to customers’ needs and help them get ahead in making one of the most important decisions in their lives, which is to buy a home and achieve their dreams of home ownership,” Westpac Retail Banking’s general manager, Gai McGrath, said.
“With the recent cuts in interest rates, consumers are now looking for opportunities across the housing market and we believe this new offer will help bolster confidence among home buyers, existing owners banking elsewhere looking to switch to a better deal and investment buyers.”
