Commonwealth Bank slashes fixed rate home loans by up to 60bps, leads market
9 August 2011: The Commonwealth Bank now leads the market for a suite of fixed rate home loan products following a decision to slice up to 60bps (0.60%) off its fixed rate home loan products.
Fixed rates for 1 to 5 year products will range from 6.59% to 6.99% and will be the lowest rates for the 1 to 5 year products across all banks.
Ross McEwan, Group Executive Retail Banking Services at Commonwealth Bank said: “Many customers want certainty with their home loan repayments and we are pleased to take a lead and offer customers that peace of mind.”
These new rates will be effective Friday 12 August, 2011.
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* Lowest rates include package discounts where applicable
For more information contact:
Ph: (02) 9117 7050