Last week finished off with Westpac moving its fixed interest rates with a 20 basis point increase to its six-month, one and two-year rates. Its one-year capped rate also rose 20 points to 6.75%. These new rates are still below ANZ National's new rates, which were increased last week also. This is Westpac's first rate changes in over a month.
The labour market numbers for the March quarter shocked economists, click here or more. Also, in last weeks news Mike Pero Mortgages signed up to the recently government approved disputes scheme, operated by Financial Services Complaints Limited (FSCL).
