Westpac to reduce home loan interest rates from Friday

Thursday 2 October 2025 · 3 outlets · 2 reports · updated Thu 2 Oct 2025, 7:25pm

In this story NZME, ANZ, Westpac, BNZ, Getty Images

Westpac will cut all advertised home loan rates by between 10 and 40 basis points starting Friday. This includes reducing the one-year special rate to 4.49 per cent and the five-year special rate to 4.99 per cent.

How they headlined it

6:16pm7:25pm

1. Stuff via RNZThu 2 Oct 2025, 6:16pm

   Westpac latest bank to cut interest rates (opens in new tab)

   Also on RNZ (opens in new tab)

2. NZ HeraldThu 2 Oct 2025, 7:25pm

   Westpac cuts home loan rates as mortgage competition intensifies (opens in new tab)