CommBank cuts fixed rate home loans: rates hit 22 year low
The Commonwealth Bank today announced that it will cut interest rates on new One, Two, Three, Four and Five-Year Fixed Rate Home Loans by up to 0.30 per cent per annum.
- (1888PressRelease) October 13, 2012 - This latest cut to Fixed Rate interest rates now sees the Bank’s Three, Four and Five-Year Fixed Rate Home Loans the lowest they’ve been for more than 22 years.
In addition to today’s fixed rate cut, the Commonwealth Bank has also announced it is bringing back its popular Home Loan Guarantee, committing to beat the advertised fixed rates of the major banks across One to Five-Year Fixed Rate Home Loans. The Fixed Rate Guarantee is available from today and is valid for applications approved before Friday, 9 November 2012.
Clive van Horen, General Manager Home Loans said Fixed Rate Home Loans are becoming increasingly attractive to customers. “With some rates now the lowest they have been in over 20 years, customers are increasingly taking up Fixed Rate Home Loans.
For more information contact:
Tracy Hicks
Commonwealth Bank
Ph: (02) 9118 6919
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