Economy

Major bank cuts home loan rates

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Great news for aspiring homeowners and those looking to refinance! One of Australia’s leading financial institutions, Westpac, has announced significant cuts to its fixed home loan rates.

Starting now, Westpac is reducing its three-, four-, and five-year fixed home loan rates. This move is expected to bring some much-needed relief and increased affordability to the housing market.

Whether you’re looking to lock in a stable repayment plan for the medium term or secure a longer-term rate, these cuts could make a substantial difference to your monthly budget. It’s an opportune moment for potential buyers to explore their options or for existing mortgage holders to consider refinancing to take advantage of the more competitive rates.

Stay tuned for more updates on how these changes might impact the broader market!

Source: Original Article

Morning Briefing: Feb. 22, 2026

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