Westpac lowers standard variable home loan rate by 10 basis points
WESTPAC has followed the Commonwealth Bank and ANZ by lowering its standard variable home loan rate by 10 basis points following the Reserve Bank's cut to the cash rate yesterday.
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.