Good news for buyers and sellers … Westpac and NAB have responded almost immediately after Commonwealth Bank unveiled the lowest five-year fixed rate in its history.
Commonwealth Bank announced yesterday that it had cut its five-year rate from 5.69 per cent to 4.99 per cent for the bank’s Mortgage Advantage Package and Wealth Package products.
Both majors decided later that day to cut their own five-year rates to 4.99 per cent.