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: NAB Australia's Westpac Banking raises rates for home buyers
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Last
$43.54 |
Change
0.520(1.21%) |
Mkt cap ! $133.3B | |||
| Open | High | Low | Value | Volume |
| $43.44 | $43.67 | $43.30 | $149.6M | 3.437M |
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|---|---|---|
| 2 | 4251 | $43.54 |
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| Price($) | Vol. | No. |
|---|---|---|
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| NAB (ASX) Chart |