All Topics / Finance / Westpac Fixed rates fall

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    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 | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of dsmithdsmith
    Member
    @dsmith
    Join Date: 2004
    Post Count: 65

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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 | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    Can anyone tell me why Westpac's fixed rates dropped in Australia while going up in NZ at the same time?

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.