Westpac’s banks significantly cut mortgage rates below 3%

It is expected that borrowing costs will further decline. Westpac Bank, Melbourne Bank and BankSA have lowered various fixed-rate mortgage rates to below 3%. Spring is approaching, real estate sales season is about to begin, financial markets bet officially will cut interest rates further, Westpac’s subsidiaries cut fixed-rate loans by 0.1 percentage points to 1.4…