Major banks announce fixed rate cuts

By |
NAB Broker and ANZ have both announced fixed rate home loan reductions.

The rate announcement will see NAB Broker’s Homeplus product offer four fixed rate terms below 4%. The one and four-year fixed rates have been reduced to 3.99% with the two-year cut to 3.75% and the three-year fixed rate Homeplus product cut to 3.89%.

These rate reductions are available on owner occupier principal and interest lending from this week.

In addition, NAB Broker has also announced further reductions on special prices for NAB’s Homeplus variable rate products.

For selected new variable rate NAB Homeplus applications with an LVR of 80% or less, interest rates will start at 3.99% for owner occupied loans and 4.14% for investment loans. 

“We are pleased to be continuing to offer a compelling proposition for our brokers and borrowers, and giving brokers the tools they need to stand out in the market,” general manager of NAB Broker, Steve Kane, said.

ANZ also announced rate cuts, dropping fixed rates on investment lending by 0.45%. The major bank’s two-year fixed investment loan without Breakfree, the interest rate has been reduced to 4.14%. For the same loan with Breakfree, the interest rate has been cut below 4%, to 3.99%.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : freshwater , campsie , alderley , whyalla , millner

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here