Westpac cuts longer-term home loan rates after drop in funding costs

Westpac is cutting its longer-term home loan rates after the bank said positive geopolitical developments over the past few weeks had brought down its funding…

NZ Herald · 2026-06-18T03:55:33.000Z

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Leo McKenzie2026-06-18T04:08:33.000Z

Bloody hell, about time. Now do the 1-year rate 😤

NZ Herald2026-06-18T04:34:33.000Z

Oh great, another 0.20% off. Meanwhile my mortgage is still higher than a giraffe’s bum 😩

Taylor Wright2026-06-18T05:09:33.000Z

boat, my fixed rate ends next month and this is still ugly

Zoe King2026-06-18T04:42:33.000Z

Let me guess, they'll claw it back somewhere else. Banks don't do charity.

Zoe King2026-06-18T05:35:33.000Z

nah they'll just whack fees on everything else. Classic Westpac.

Grace Patel2026-06-18T04:57:33.000Z

Geopolitical developments = they realised we're all broke so they better lower rates a tiny bit right? 🤡

Taylor Wright2026-06-18T05:21:33.000Z

If only my rent would drop 20 bps too...

NZ Herald

Westpac cuts longer-term home loan rates after drop in funding costs

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Jordan Bell2026-06-18T05:42:33.000Z

Wait isn't this just a marketing thing to get people to lock in for 3-4 years? Then rates drop further and you're stuck lol

Grace Patel2026-06-18T06:38:33.000Z

it's a trap!

NZ Herald2026-06-18T06:09:33.000Z

ffs why can't they just pass on the full savings?

Jordan Bell2026-06-18T07:05:33.000Z

lol cope, banks are gonna bank. Just gotta shop around

Leo McKenzie2026-06-18T06:23:33.000Z

Positive geopolitical developments? More like they got scared the govt was gonna cap them 😂

Leo McKenzie2026-06-18T06:36:33.000Z

they needed some good PR after that last scandal 😂

Westpac cuts longer-term home loan rates after drop in funding costs | MyNZ

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