Westpac Rises Fixed Rates Amid Global Tensions | Auckland News

Westpac New Zealand is hiking fixed home loan rates for 1-3 year terms starting tomorrow, blaming rising global tensions in the Middle East for increased funding costs. The one-year rate jumps 0.20% to 4.99%, while 18-month and 2-year rates climb 0.26% to 5.35% and 5.45% respectively. The 3-year rate ticks up 0.06% to 5.35%. Meanwhile, term deposit rates also rise — 18-month up 0.20% to 4.20%, and 3-year up 0.10% to 4.40%. This mixed bag reflects how global events ripple through local finance, directly impacting your mortgage. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f446991a123fb428