Today, Westpac have added a new less than 80% LVR mortgage special for an 18 month term.
The new rate is 5.69%, 16 bps lower than their standard rate of 5.85%.
Earlier last week Westpac added a 'special' one year fixed rate of 5.39% for borrowers with at least 20% equity.
This latest cut gives Westpac a clear advantage in the 18 month segment among its main rivals.
Wholesale money rates which rose sharply over the Christmas-New Year period have fallen since then, and fallen further and flattened since the recent emerging market travails.
See all carded, or advertised, bank home loan rates here.
| below 80% LVR | 1 yr | 18 mths | 2 yrs | 3 yrs | 5 yrs |
 |
5.49% | 5.85% | 6.29% | 6.65% | 7.20% |
 |
5.49% | 5.85% | 6.29% | 6.60% | 7.20% |
| BNZ | 5.39% | 5.85% | 6.29% | 6.39% | 7.20% |
| Kiwibank | 5.45% | 5.95% | 6.40% | 6.90% | |
 |
5.39% | 5.69% | 6.29% | 6.65% | 7.20% |
| Co-op Bank | 5.29% | 5.85% | 6.25% | ||
 |
5.39% | 6.29% | 6.55% | 7.20% | |
| SBS / HBS | 5.35% | 5.60% | 5.80% | 6.10% | 6.70% |
| TSB | 5.30% | 5.65% | 5.95% | 6.40% | 7.20% |
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Mortgage choices involve making a significant financial decision so it often pays to get professional advice. A Roost mortgage broker can be contacted by following this link »
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