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Here we go again! Fixed rate Mortgages

Andrew from Vista Financial
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Andrew from Vista Financial Newbie

Andrew from Vista Financial

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It seems that Westpac are a law unto themselves when it comes to rate hikes.

 

They have just announced effective tomorrow that they will increase their Fixed rate home loans by between 0.20% - 0.25%.

 

This takes their 2 year fixed to 7.44% and their 5 year to 8.14%.

 

Will this give the other Banks the push to follow.

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