As many may have heard, WestPac have announced an increase to fixed rates as of Tuesday.

About 6 weeks ago I posted regarding whether now is a good time to fix rates, I think that Westpac will be the first of many especially since Glenn Stevens from Reserve Bank of Australia (RBA) hinted that rates could start to rise soon.

If anyone wishes to consider fixing their rate I would be happy to discuss the options with them and can even arrange switching to a fixed with their own Bank.