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.
Collections: Mortgage News Interest Rates
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