ANZ cut fixed rate home loans for investors and owner-occupiers

PHOTO: ANZ

ANZ have followed CBA by cutting their fixed rate home loans.

They’ve announced rate cuts of up to 0.86 per cent to fixed home and investment loan interest rates.

CBA cut their fixed home loans by up to 0.5 per cent last week.

ANZ’s two-year packaged fixed rate for owner occupier paying principal and interest is now the lowest rate in comparison website Canstar’s database at 2.68%.

Canstar’s finance expert Steve Mickenbecker describes the market as “supercharged” as banks jockey to win back market share.

“ANZ is following hot on the heels of Commonwealth Bank reducing fixed rates”, Mickenbecker noted.

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