Westpac reduces fixed rate

By Your Mortgage
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.