Westpac regionals cut fixed rates further
Jonathan ChancellorNovember 14, 2011
Westpac’s regional banks have made further cuts to their fixed-rate loans.
St George, BankSA and Bank of Melbourne have cut rates up to 26 basis points.
The cut takes the two-year fixed rate to 6.14%, and the three-year fixed rate to 6.24% for all three banks.
The new rates take effect from November 16.
St George's new general manager of mortgage broking, Clive Kirkpatrick, told Broker News Australia the bank had recorded strong demand for fixed-rate products.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
