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 See omnystudio.com/listener for privacy information.
