Westpac slashes fixed rates

Westpac has cut rates on its two, three, four, five and 10 year home and investment property fixed rate loans. Westpac cut up to 20 basis points from the various products, taking its two year fixed rate to just 7.39 per cent from 7.54 per cent.

Last week, Westpac’s general manager broker distribution Huw Bough said the major was determined to ramp up its level of market activity by offering a suite of competitive products.

Source: The Advisor