Westpac has cut its packaged three year fixed rate mortgage to 5.14% (comparison rate 5.6%).
This is a reduction of 0.05% on the previous rate.
The offer includes a packaged discount of 0.2%.
Your Mortgage’s home loan calculator
shows the reduction will save first home
owners about $12 a month for a loan of $400,000 on a loan term of 25 years, compared to the previous rate.
The new rate is effective Friday, 24 January.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker