- August 20, 2014
- Posted by: admin
- Category: Budget, Buying at Auction, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, House prices, Inflation, Interest rate, Investment Property, Self Managed Super Funds, Wealth
Commonwealth Bank has continued cutting its fixed rates by announcing cuts of up to 50 basis points.
The major has reduced its three-year rate from 5.09 to 4.94 per cent.
It has also cut its four-year rate from 5.59 to 5.09 per cent.
These reductions apply to Commonwealth Bank’s Mortgage Advantage Package products and are effective immediately.
With low rates it is making it easier for Australians to buy property.
With all lenders offering competitive fixed rate and variable home loans, customers have the flexibility to tailor a loan to suit their needs now and in the future.
One lender after another has been cutting rates since Commonwealth Bank first unveiled the lowest five year rate in history.