ANZ cuts some fixed mortgage rates

ANZ bank has changed its fixed term mortgage rates. ANZ has trimmed six basis points from its three-year fixed rates which are now priced at 7.64 per cent. Commonwealth Bank is offering three fixed-mortgage rates at 7.89 per cent, and Westpac is offering 7.79 per cent.

ANZ's four-year fixed loans have been cut 19 basis points to 7.74 per cent, and its five-year fixed-mortgage has been cut by nine basis points to 7.94 per cent. ANZ has raised its one-year fixed rates by 13 basis points to 6.84 per cent. Fixed rates are priced according to the bank bill swap rate, not the RBA’s official benchmark cash rate.

Source: Sydney Morning Herald

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