Bank’s 0.2 percentage point rise will also apply to residential investment property loans from 20 November,lifting them to 5.95%Westpac will raise domestic loan rates for owner-occupiers and investors by 0.2 percentage points as it moves to strengthen its mortgage book in response to a push by the banking regulator.
The bank’s owner-occupier standard variable domestic loan rate will increase to 5.68% on 20 November, when residential investment property loan rates will go up by the same amount to 5.95%. Related: Australian banks told to hold billions more dollars against domestic loan risk Continue reading...
Source: theguardian.com