Westpac ups 6 and 18month rates

22 January 2010

This week ends with Westpac hiking its six and 18 month rates by 10 and 20 points respectively. Its six month rate is now 5.69% and 18 month rate 6.79%.

Much of the focus now is on next week's OCR announcement. www.mortgagerates.co.nz will have a summary of what the economists are thinking later today. As a preview though we have a new graph which shows what ASB economists are forecasting for the OCR this year.

The short term view is OK, but it has rates rising steeply in the middle of the year. Check it out here.

Keen for the best rate and some cash too?

We've teamed up with award winning mortgage experts, Squirrel.

With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.

Ryan

New Zealand

The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.

Jo

New Zealand

Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.

Empowered by

Westpac ups 6 and 18month rates

Keen for the best rate and some cash too?

Ryan

Jo

Get a free mortgage review