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Podcast: The Mike Hosking Breakfast
Episode: Sue Tierney: Mortgage Broker on Westpac raising its 2-5 year fixed rates by 30 basis points
Description: A mortgage broker is saying not to panic about rising mortgage rates.  Westpac has announced a 30 basis point increase to its 2-5 year fixed rates. They claim the move reflects rising wholesale rates and higher costs for long-term funding.  Sue Tierney told Heather du Plessis-Allan that people do have the opportunity to negotiate rates. She says the bank has an advertised rate, but that doesn’t mean you have to accept it. LISTEN ABOVE  See omnystudio.com/listener for privacy information.