Westpac hikes housing base rate
Home owners are set to feel the effect of yesterday's rate hike, with Westpac today raising its housing base rate (HBR) by 25 basis points to 8.6%.
Monday, September 13th 2004, 3:31AM
by The Landlord
Westpac said its new rate will become effective from September 13 for new customers and from October 4 for existing customers. The change adds $25.25 to a monthly payment on a $150,000 mortgage on a 25-year term.
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