Westpac cuts mortgage rates
Westpac bank has cut its mortgage rates, with a new floating rate of 5.69 per cent and its six month fixed rate from 5.39 per cent to 5.29 per cent.
Westpac, Australia's fourth-biggest lender, cut its standard variable home loan rate by 0.2% to 8.36%, effective from October 27, the bank said this afternoon.