Leading online lender Loans.com.au has slashed its fixed interest rates by 20 basis points across the board, bringing some of its fixed rates below 3% for the first time.
While the Reserve Bank of Australia (RBA) decided to keep the cash rate steady at its recent meeting, that hasn’t stopped a number of lenders from cutting their fixed home loan rates.
In addition to the many variable home loan rate cuts seen in the wake of the Reserve Bank’s decision to lower the cash rate, a number of lenders have also made big rate reductions to fixed home loan rates.