A suggestion the other big banks will follow Westpac's lead and reduce their interest rates
A suggestion the other big banks will follow Westpac's lead and reduce their interest rates
12 January 2021
Westpac is offering interest rates of 2.29 percent per annum - its lowest ever.
The special one year fixed term rate's available for customers with 20 per cent equity, for an owner-occupier home.
The Umbrella Company mortgage advisor Sara Hartigan says we've been trending down for a long time, and the market is stimulated.
She says the other banks tend to rate match, so they will probably follow.
Hartigan says she feels there's a high likelihood we'll go under two percent.
© 2024 Newstalk ZB, NZCity