Time to reconsider lender options with Westpac lifting variable rates

Aug 31, 2018

Westpac has announced it will raise variable rates for both owner-occupiers and investors by 0.14%. The increase will take effect from 19 September, and will impact both new and existing customers. George Frazis, Chief executive of Westpac’s consumer bank said the “tough decision” came down to funding costs, which they claim has increased by 0.25% between February and March.

With plenty of competitive home loan deals out there for home buyers and refinancers, you may consider switching. You may reach us to discuss your options at 02-8317-1158 or info@discountmortgages.net.au.

Sourced from eChoice.