RAMS cuts three-year fixed-rates to 4.99%

Mortgage lender RAMS has cut its one-year fixed home loan rate by four basis points to 4.95% p.a. and its three-year fixed home loan rate by 10 basis points from 5.09% to a low 4.99% p.a.

The new rates take effect from tomorrow (May 28).

It follows less than two weeks since RAMS last cut its fixed rates following the RBA May cash rate cut, with its two-year fixed home loan also falling to 4.99%.

“These interest rate cuts to our fixed home loan rate further demonstrates our commitment at RAMS to bringing Australians a better deal. RAMS continues to offer some of the most competitive and attractive fixed home loan rates on the market to help everyday Australians into homes," said RAMS chief executive Melos Sulicich.

“Fixing your interest rate could be a smart option allowing customers to lock in certainty of monthly repayments. Another option to consider is splitting your home loan between fixed and variable interest rates to make the best of both worlds,” he said.

One year Two year Three year Four year Five year

New Rate

4.95%

4.99%

4.99%

5.39%

5.45%

Comparison Rate*

6.07%

5.98%

5.91%

5.98%

5.97%

Source: RAMS

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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