976509340
News

Westpac hikes housing base rate

Monday 13th of September 2004

Westpac is the first bank to move in the wake of yesterday's 25 bp rate hike by the Reserve Bank, which took the Official Cash Rate from 6.00% to 6.25%.

Westpac said its new rate will become effective from September 13 for new customers and from October 4 for existing customers. The change adds $25.25 to a monthly payment on a $150,000 mortgage on a 25-year term.

Read More - Opens in a new window

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.