Westpac Fixed rates fall

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Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
March 22, 2009 - 10:45 pm
The following Home and Investment Property Loan fixed interest rates will be effective from Tuesday, 24 March 2009:
Term Current Rate
(Stand Alone)
% New Rate
(Stand Alone)
% New Rate
(Premier Advantage Package)
% Change
%
1 year 5.45 5.19 4.99 – 0.26
2 year 5.45 5.19 4.99 – 0.26
3 year 5.39 5.39 5.19 –
4 year 6.49 6.29 6.09 – 0.20
5 year 6.49 6.29 6.09 – 0.20
6 year (IPL only) 6.99 6.99 6.79 –
7 year 6.99 6.99 6.79 –
9 year (IPL only) 6.99 6.99 6.79 –
10 year 6.99 6.99 6.79 –
12 year (IPL only) 6.99 6.99 6.79 –
They have also increased their Interest only In Adavnce discounts.
Also you can now pay Maximum Extra Repayment Amount on Fixed Rates, currently $15k, now to a maximum of $25k over the fixed term.
Richard Taylor | Australia's leading private lender
dsmith
Member
@dsmith
Join Date: 2004
Post Count: 65
March 25, 2009 - 3:54 am
Hi Richard,
Thanks for the heads up – I have a couple of loans with St George who have similar fixed loans to the above with Westpac. My PPOR loan is fixed at the moment until Sept 2010 at 7.15. My question is at what point can you lock in a fixed loan to start again from Sept 2010, i.e is it 3 months before, 6 months before, etc and is there a rate lock fee?
Cheers
Danny
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
March 25, 2009 - 4:52 am
Danny
All depends on the lender but more likely 30 days before expiry and then normally locked on actual date of expiry unless you utilise the rate lock.
Richard Taylor | Australia's leading private lender
mattnz
Participant
@mattnz
Join Date: 2007
Post Count: 574
March 26, 2009 - 7:15 am
Can anyone tell me why Westpac's fixed rates dropped in Australia while going up in NZ at the same time?