Westpac introduces new 1-year 'special' at 4.35% and reduces other fixed terms by 9 to 30 basis points

Westpac has introduced a 1-year 'special' fixed rate mortgage at 4.35% - in line with other major banks - and trimmed other rates in its fixed range.

This follows a series of moves by other banks earlier in the week.

Here is the full list of Westpac's new rates:

• 6 Month Fixed Rate - 5.15% (-0.24%)
• 1 Year Fixed Rate - 4.85% (-0.14%)
• 18 Month Fixed Rate - 4.95% (-0.20%)
• 2 Year Fixed Rate - 5.05% (-0.10%)
• 3 Year Fixed Rate - 5.10% (-0.09%)
• 4 Year Fixed Rate - 5.25% (-0.30%)
• 5 Year Fixed Rate - 5.35% (-0.30%)
• 1 Year Special Fixed Rate - 4.35% (New)

See all banks advertised, or carded, residential mortgage rates here.