Westpac's plays different game
Thursday, March 17th 2011, 9:48AM
All quiet on the home loan rates front so far today. The most interesting thing is Westpac's strategy of offering sharp rates for fixed term loans, particularly the six month rate which, at 5.59% is lower than any of the bank floating rates on offer.
Most lenders have adjusted their rates following the OCR announcement last week, bar a few smaller lenders.
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We did say that there would be a draw for a case of wine, but we had a little problem and didn't include anywhere for you to enter the draw! Doh. To make up for that we will donate the wine money to the Christchurch earthquake appeal.
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