Westpac bucks the trend, but...

October 15, 2015
Jim Demetriou

As we all know by now, the Reserve Bank has held interest rates where they have been for a number of months. However, today Westpac has bucked the trend by announcing an increase of 0.20% across the board on all their variable owner occupied and investor lending products. There does not seem any logical reason to Westpac's very non-strategic move.

Other lenders such as ING have responded by extending their discounted variable offer of 3.99% to 18th December. An early Christmas present to those who are savvy enough to take up the offer.

Be savvy, and contact  me for a better deal on your loan - you too deserve an early Christmas present.

Posted in: Interest rates

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