The Commonwealth Bank has cut its rates for fixed-interest home loans by up to 40 basis points.
The rate on the bank’s two-year fixed rate loan will drop from 6.19% to 5.79%, while the rate on the four-year loan will drop 35 basis points to 6.29%.
The rate on the five-year fixed rate loan will fall 35 basis points to 6.39%.
The rates will apply from Friday.
This article first appeared on SmartCompany.