Via Banking Day:
Messing around with home loan pricing and promotion in a manner loathed by regulators, Westpac has sweetened home loan incentives by almost doubling the rate discount offered to new home buyers that take out a packaged mortgage deal with the bank.
In a move likely to trigger responses from the three other major banks, Westpac has boosted the mortgage rate discount for package borrowers to 1.29 per cent from 0.7 per cent.