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Commonwealth Bank cuts interest rates

(Photo: AAP)

New and existing customers of the Commonwealth Bank of Australia will be paying less for their home loans following cuts to fixed rate home loans, announced today.

For those with three- and four-year fixed rate owner occupied loans, rates will drop by 10 basis points (or 0.1 per cent).

Those with five-year fixed rate owner occupied loans will see their fixed rates drop 0.3 per cent, or 30 basis points.

Meanwhile, those with two, three, and five-year fixed rate investment loans will see a drop of 0.1 per cent, or 10 basis points.

The changes apply from today (Tuesday 9 April) onwards.

Here’s that in a chart:

(Source: Supplied)

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