# Westpac Rises Fixed Rates Amid Global Tensions | Auckland News

Page: https://stenobird.com/podcast/auckland-news-today-2-min-news-the-daily-news-now-7853371/westpac-rises-fixed-rates-amid-global-tensions-auckland-news
Text version: https://stenobird.com/podcast/auckland-news-today-2-min-news-the-daily-news-now-7853371/westpac-rises-fixed-rates-amid-global-tensions-auckland-news.md
Podcast: [Auckland News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/auckland-news-today-2-min-news-the-daily-news-now-7853371)
Published: 2026-07-27T03:23:07+00:00
Episode link: https://sources.thednn.ai/f446991a123fb428
Audio file: https://api.fastcast.ai/audio/09417d6a-4aeb-4d02-9ce8-31c2d7211413.mp3
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Duration seconds: 104

## Resource

Westpac New Zealand is hiking fixed home loan rates for 1-3 year terms starting tomorrow, blaming rising global tensions in the Middle East for increased funding costs. The one-year rate jumps 0.20% to 4.99%, while 18-month and 2-year rates climb 0.26% to 5.35% and 5.45% respectively. The 3-year rate ticks up 0.06% to 5.35%. Meanwhile, term deposit rates also rise — 18-month up 0.20% to 4.20%, and 3-year up 0.10% to 4.40%. This mixed bag reflects how global events ripple through local finance, directly impacting your mortgage. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f446991a123fb428

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