Westpac introduces new 1-year 'special' at 4.35% and reduces other fixed terms by 9 to 30 basis points

Westpac has introduced a 1-year ‘special’ fixed rate mortgage at 4.35% – in line with other major banks – and trimmed other rates in its fixed range.

This follows a series of moves by other banks earlier in the week.

Here is the full list of Westpac’s new rates:

  • 6 Month Fixed Rate – 5.15% (-0.24%)
  • 1 Year Fixed Rate – 4.85% (-0.14%)
  • 18 Month Fixed Rate – 4.95% (-0.20%)
  • 2 Year Fixed Rate – 5.05% (-0.10%)
  • 3 Year Fixed Rate – 5.10% (-0.09%)
  • 4 Year Fixed Rate – 5.25% (-0.30%)
  • 5 Year Fixed Rate – 5.35% (-0.30%)
  • 1 Year Special Fixed Rate – 4.35% (New)

See all banks advertised, or carded, residential mortgage rates here.

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