Mortgage News

Big bank leads off the rises

Friday 22nd of March 2002

Even though the Reserve Bank raised rates on Wednesday, it is only this morning that the first major bank, WestpacTrust has raised its floating mortgage rate.

And while the central bank raised its official cash rate only 25 basis points from 4.75% to 5%, WestpacTrust has raised its floating rate 50 points from...

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