ANZ 3.75% O/O 2 years fixed

Just got wind that ANZ will be reducing their 2 years fixed owner occupied fixed to 3.75%.

While CBA decided to leave their fixed rates unchanged, they have just extended their "beat any Big 4 fixed rate by 0.01%" guarantee till end of June.

If everyone thought fixed rates were really attractive before, it just got 25 bpts better.

 

Thats sharp, but I think it would be prudent to wait the week out and see what unfolds in the next 3-4 days

 

It will get really appealing if and when 4 and 5 years get down to 3.75% ... va va voom . Lock it in Eddie...

 

What if we end up doing a Japan though ?

 

Illawarra credit union fixed at 3.89 fixed with offset.

3 Year Fixed Home Loan

 

Just posting a link to this thread on a related one, and vice versa

Interest rate cut and fixed rate costs

 

I actually can't believe anyone fixed at 3.99, surely this was inevitable.
And.....definitely still wouldn't be fixing.

 

Yep I fixed at 3.99
How do I feel? Bout 5500 loss, what ever

Edit, didn't realise that's owner occ. mine are investments.

 

Fixing has it's place. It's not always about the cheapest rate possible. Sometimes peace of mind is important to some. Locking in a rate now may not be the cheapest option once rates move down, but if you have calculated your holding costs and yield and the fixed rate works well with that, then that's great. At least you know there won't be increases for that fixed term. Across a portfolio this can provide a good SAN factor.

 

Any word on Westpac dropping fixed rates?

 

I fixed at 4.19% last month. Why? Because I would have been paying 4.54%+ variable instead. I'm not sure whether St George will be dropping their fixed rates either.
At $1.3M (that's the part that I fixed), that's a $6500 difference over two years. Nothing to sneeze at, but I don't regret the decision as it gave me peace of mind for the next two years.
You can't always do everything perfectly, so just settle for doing things well the majority of the time.

 

is 3.75% going to be advertised?

 

It already has been circulated amongst some ANZ employees, I do hope it will be offered to the broker channel in the coming days/weeks as well.

 

I currently have variable rates with NAB, CBA & Westpac floating between 4.10% and 4.50%. I know I can get fixed rates lower than this. But I feel when I fix the rates and lock it with an institution for say 2-3 years, I lose the bargaining power to negotiate a cheaper rate, when rates move like it did yesterday. I often call these banks and tell them I am moving to another bank if you do not lower my variable rate, and they often oblige and have given me an additional discount.....

 

2 year fixed rate announced. release reads like the .19% decrease only applies to OO. interesting.

 

i found the media release anz.co/4nm9Ty

 

OMG your right Tobe. Reads like doesn't include investment loans the cheeky *******s

 

just received a sms from st george to say they will reduce home loan variable rates by 0.25% from 23 may 2016. Home Loans Interest Rates News | St.George Bank

 

Any other lender reduced fixed rates ?