Economy

Westpac Cuts Mortgage Rates: A Welcome Relief for New Zealand Homeowners

Westpac has reduced its 3- to 5-year mortgage rates, offering homeowners a chance to save on their loans amidst rising costs and an expected increase in the Official Cash Rate. The bank's move is seen as a positive development for borrowers, with Westpac now having the lowest 3- to 5-year lending rates among the five largest banks.