Westpac raises fixed mortgage rates citing Middle East conflict
Westpac NZ has increased its fixed mortgage rates, with its one-year rate rising 0.20% to 4.99% per annum, effective tomorrow.
Westpac NZ announced an increase to its fixed mortgage rates, effective tomorrow. The bank's one-year advertised special rate is rising 0.20% to 4.99% per annum. The bank attributed the changes to increased funding costs linked to the Middle East conflict.
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1News
Major bank lifts fixed mortgage rates, blames Middle East war
Westpac NZ said the changes would take effect tomorrow, with its one-year advertised special rate rising 0.20% to 4.99% per annum.
NZ Herald
Westpac lifts popular fixed mortgage rates as Middle East conflict increases its funding costs
Will the other banks follow?