SYDNEY, March 17 (Reuters) - Australia's Westpac Banking Corp (WBC) said on Friday it will raise mortgage rates across a range of products including for owner occupiers, a day after rival National Australia Bank (NAB) made a similar move.
Westpac will increase its variable home loan rate for owner occupiers by 3-8 basis points, it said in a statement. Variable rates for property investors will be raised by 23-28 basis points.
On Thursday, NAB became the first of the country's Big Four lenders to raise mortgage rates, a move that in part will be welcomed by regulators desperate to cool runaway real estate prices.
News: WBC Australia's Westpac Banking raises rates for home buyers
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Last
$38.48 |
Change
0.530(1.40%) |
Mkt cap ! $131.6B | |||
| Open | High | Low | Value | Volume |
| $38.20 | $38.56 | $38.10 | $289.9M | 7.544M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 837 | $38.47 |
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|---|---|---|
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| WBC (ASX) Chart |