Non-major mortgage lender ME Bank has announced a rate cut of below 4% for the three-year fixed Standard Home Loan product. Its one-year and five-year fixed rates also went down to 4.29% and 4.39%, respectively.
The three-year fixed home loan is now at 3.99%, despite the Reserve Bank of Australia’s decision not to lower rates from its current 2.25% level.
“Even though the RBA didn’t cut in April, customers can still get their rate cuts today – through a fixed loan,” Patrick Nolan, head of home loans, said. “With competition hotting up, many banks will pass these fixed rate savings directly on to customers.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker