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.