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  

A mortgage broker is saying not to panic about rising mortgage rates. &nbsp;
Westpac has announced a 30 basis point increase to its 2-5 year fixed rates.&nbsp;
They claim the move reflects rising wholesale rates and higher costs for long-term funding. &nbsp;
Sue Tierney told Heather du Plessis-Allan that people do have the opportunity to negotiate rates.&nbsp;
She says the bank has an advertised rate, but that doesn’t mean you have to accept it.&nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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Sue Tierney: Mortgage Broker on Westpac raising its 2-5 year fixed rates by 30 basis points

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3b974a8a-9ba0-4cbf-8d5d-b3ae01441f09/transcript

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