Commonwealth Bank cuts fixed-rate home loan interest rates

Commonwealth bank has cut its 3 year fixed interest rate packaged to 5.59% for owner occupiers. This should entice more buyers to enter the market as it provides stability knowing what their scheduled repayments are going to be on a week to week / month to month basis.

Key points

  • CBA has cut fixed-rate mortgages by 40 basis points
  • This applies to both investment and owner occupied home loans
  • The annoucement comes in the same week the bank announced slight increases to variable rates.

Read the full article here

https://www.savings.com.au/news/cba-cut-fixed