Several lenders in Australia have reduced their fixed rates this week with changes ranging up to 0.80% p.a. Read the quick summary below or check out all the new rates iLend™.

Following the Reserve Bank of New Zealand’s decision to lift the Official Cash Rate by 0.25%, ASB and Sovereign Home Loans updated their variable rates.

There have been a few fixed rate reductions this week from Commonwealth Bank, Homeloans and Homeside Lending.

Effective 11th July, ING Direct and Homeloans reduced their two, three, four and five year fixed rates by up to 0.10% p.a.

Effective 10th July, Adelaide Bank and Homeloans reduced their three and five year fixed rates by up to 0.40% p.a.

Effective 1st July, ANZ in New Zealand updated their fixed rates, including reductions to their two, four and five year fixed rates.

Effective Friday 27th June, Westpac in New Zealand increased selected fixed and capped carded rates, and also reduced their three and five year fixed carded rates.