Today the Commonwealth Bank is helping more Australians buy their own property by lowering its 3 year and 4 year fixed home loan rates.

To provide greater value and choice for customers, the new 3 year fixed rate of 4.94 per cent per annum and 4 year fixed rate of 5.09 per cent per annum will be effective for new and existing customers from 15 August, 2014 and apply to Wealth Package and Mortgage Advantage Package products. These annual rates have been reduced by 0.15 per cent and 0.5 per cent respectively.

The new competitive rates, along with the support, tools and flexibility offered by the Commonwealth Bank, helps make our customers’ home buying experience even easier.

“With our competitive fixed rate and variable home loans, we are offering customers the flexibility to tailor a loan to suit their needs now and in the future,” said Lyn Cobley, Executive General Manager Retail Products and Third Party Banking.