ANZ, CBA woo borrowers with fixed-rate cuts

By Gerv Tacadena

Two major home-loan providers announced have changes to their fixed-rate home-loan offerings .

Two major home-loan providers announced have changes to their fixed-rate home-loan offerings for both owner-occupiers and investors.

CBA and ANZ decided to lower their fixed rates as improved housing market sentiments intensify the competition amongst lenders. These adjustments followed NAB and Westpac's fixed-rate home-loan changes earlier this month.

CBA slashed the fixed-rate of its two-, three, and five-year home-loans. The table below shows the changes to CBA's owner-occupier fixed rates.

CBA fixed-rate home-loan changes

Two-year

3.18%

Three-year

3.28%

Five-year

3.49%

The bank also lowered the fixed rate of its interest-only investor home loans by 80 basis points to 4.19%.

ANZ reduced its fixed rates by as much as 96 basis points for owner-occupiers and 85 basis points for investors. Borrowers under Breakfree package can avail of an additional 15-basis-point discount.

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