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Westpac helicopter over field
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As interest rates begin to take off, borrowers are being urged to examine their finance arrangements

Westpac the first to hike rates in 2022

While the Reserve Bank of Australia is not expected to raise interest rates for at least another year, Westpac has become the first major bank this year to increase its fixed rates for owner occupiers and investors.

Westpac has increased its shorter-term fixed rates of one and two years by up to 0.…