Overview

• From May 30, CBA will trim fixed rates across all terms by up to 0.40 percentage points, setting its three-year rate at 5.49%.
• The move mirrors an earlier 0.25 percentage point reduction to CBA’s variable mortgage rate after the RBA decision.
• ANZ retains the lowest one- and two-year fixed home loan rates among major banks, while NAB leads on three- to five-year terms.
• Four smaller lenders now offer at least one fixed rate under 5%, and 20 institutions have cut a fixed rate this month.
• Analysts warn the small spread between fixed and variable rates may deter borrowers from locking in loans as further RBA rate cuts loom.