Westpac raises long-term fixed home loan rates, lowers six-month rate

Westpac New Zealand will adjust its mortgage rates, reducing its fixed six-month special and standard rates by 0.2% to 4.49% and 5.09% per annum, respectively, effective February 2. However, the bank will increase its 18-month fixed special and standard home loan rates by 0.1% to 4.69% and 5.29% per annum. Similarly, three-year fixed special and standard rates will rise by 0.1% to 5.15% and 5.75% per annum.

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