ANZ has cut its two-year investor rate to 2.88 per cent for people paying principal and interest.
Camera IconANZ has cut its two-year investor rate to 2.88 per cent for people paying principal and interest. Credit: Supplied/AFP via Getty Images

ANZ slashes fixed term home loan rates

AAPWestern Suburbs Weekly

A HOME loan war is underway, with Australia’s fourth-biggest lender, ANZ, cutting fixed rates a week after Commonwealth Bank slashed its fixed rates to lure customers to its doors.

The lowest advertised rate from ANZ is now 2.68 per cent on its two-year fixed rate package loan for owner-occupiers paying principal and interest, RateCity says in a release.

ANZ has cut its two-year investor rate to 2.88 per cent for people paying principal and interest.

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Last week, the biggest lender, CBA cut between 0.10 and 0.30 per cent from 1.4 and five-year fixed rate loans for owner-occupiers and reduced one, two, three, four and five-year fixed rates for investors by between 0.25 per cent and 0.5 per cent.

RateCity research shows more than 30 lenders have cut fixed home loan rates this year.

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