Home loan rates on the rise at Westpac
ON the same day Westpac announced an $8b annual profit and raised shareholder dividends, it hiked mortgage rates by 0.20 percentage points.
WESTPAC is slugging home loan customers with their first interest rate hike in three years, with the other major banks likely to follow suit.
ON the same day Westpac announced an $8 billion annual profit and increased dividends for shareholders, Australia's second biggest bank revealed it is raising its variable mortgage rates by 0.20 percentage points.