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The New Daily
The New Daily
Sezen Bakan

Home owners hit with rate hikes as bank funding costs rise

Westpac RBA
Paying off your mortgage is getting more expensive. Photo: Getty

Paying off your mortgage is getting more expensive, with Westpac becoming the latest of 17 banks to hike their fixed rates this year.

Westpac, including subsidiaries St George, Bank of Melbourne and BankSA, raised interest rates for owner-occupiers and investors by up to 0.2 percentage points on Friday.

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