Westpac I/O Fixed Rates Increasing 01/08/17

Discussion in 'Loans & Mortgage Brokers' started by craigc, 28th Jul, 2017.

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  1. craigc

    craigc Well-Known Member

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    Melbourne
    Just fixing some loans I/O with WBC and was advised that effective from this Tuesday 01/08/17 their 1-3 year I/O's are increasing a further .13% and 4-5 years are increasing a further .23%.

    Note these rates below are for O/O rates. For loans listed as IP would need to add the IP premium on top,

    For I/O 1-2 years was 4.46 - 4.59%
    3 years was 4.56 - 4.69%
    4-5 years was 4.86 - 4.99%

    P&I 1-3 years all 3.99%
    4-5 years 4.19%

    Fixed P&I's are increasing slightly on the 2 year special rate by 0.11% from the current 3.88%.

    Good luck
     
  2. Simon Moore

    Simon Moore Residential & Commercial Mortgage Broker Business Member

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    Level 2 287 Collins St Melbourne VIC 3000
    Wow, I don't do a lot of business with Westpac, but looking at those fixed rates I know why!
     
  3. Redom

    Redom Mortgage Broker Business Plus Member

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    Sydney (Australia Wide)
    Yes it was always likely to be a short term promo - INV fixed was as low as OO fixed.

    Plenty of borrowers have switched over as they move from aggressive accumulation to consolidation phase/slower accumulation in coming years.

    CBA, ANZ & NAB still have it going though (at least for now).
     
  4. Vassago

    Vassago Well-Known Member

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    Perth
    St G following with the same increase from 1/8
     
  5. RetireRich101

    RetireRich101 Well-Known Member

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    Wow under 4% for 3 yrs PI
     
  6. Redwing

    Redwing Well-Known Member

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    WA
    RAMS Investor rates also recently moved

    RAMS Fixed Rate Home Loan - Investment

    upload_2017-7-28_15-52-6.png
     
  7. God_of_money

    God_of_money Well-Known Member

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    26th Jun, 2015
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    Location:
    Gold Coast
    Screenshot_20170729-195016.jpg MeBank rate 3.74% PI fixed for 2 years
     

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