CBA slashes rates on its fixed home loan

CBA has become the third major bank to lower its fixed rate home loan. CBA has announced that it would take off up to 0.45% from some of its fixed rate home loan products.

25 basis points will be taken off its two year fixed rate home loan (taking it to 7.29%), 45 basis points from its three year fixed rate home loan (taking it to 7.44%) and 15 basis points from its four year fixed home loan (taking it to 7.94%).

NAB and Westpac are the remaining major banks who have yet to announce changes to their fixed rate home loan products.

If you are thinking refinancing or getting a fixed home loan, speak to one of the mortgage brokers today on 1300 55 10 45.