Aussie cuts fixed rates to 5.79% following cuts by CUA and CBA

John Symond’s Aussie Home Loans has cut its one-, two- and three-year fixed rate home loans by 20 basis points.

The new fixed rate being offered by Aussie is 5.79%

“The rate cut comes after reductions in the variable home loan rate across the industry and a number of consecutive RBA rate moves since late 2011,” says Aussie.

Aussie operates primarily as a mortgage broker but also provides home loans under its own brand.

The Aussie fixed rate cuts follow credit union CUA and the Commonwealth Bank reducing their fixed rates recently.

The CUA is offering a one-year fixed-rate home loan at 5.65% and two- and three-year fixed-rate home loan at 5.73%.

Last week the Commonwealth Bank cut its one- and three-year fixed mortgages by 20 basis points to a rate of 5.79% per annum for both products.