2 MIN READRBA considered 40-bp cash rate raise
The Reserve Bank has revealed that it weighed up three different options for the size of the first cash rate rise in alm...
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The war between Australia’s major lenders shows no signs of abating, with Westpac slashing interest rates across a number of its mortgages.
Yesterday, the major announced its plans to cut the interest on its two, three, four, five and 10 year home and investment property fixed loans.
Westpac cut up to 0.20 per cent from the various products, taking its two year fixed rate to just 7.39 per cent from 7.54 per cent.
Just last week the lender announced plans to increase the maximum amount it is willing to lend customers, increasing its maximum loan to valuation ratio (LVR) to 95 per cent.
Rates refer to a fixed price or an amount charged by sellers or providers for their goods and services.
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