RateCity.com.au
powering smart financial decisions

Auswide cuts mortgage rates

Auswide cuts mortgage rates

Auswide has cut interest rates on selected home loans, including fixed and variable rate options for investors and owner occupiers.

The biggest rate cut was for the Freedom Package Investment Loan Plus Discount Fixed (Interest Only) 3 Years, which fell by 30 basis points from 4.29% to 3.99% (comparison rate 5.29%).

Auswide’s most modest cut was on the Freedom Package Investment Loan Plus Discount Variable (Interest Only), which fell 10 basis points from 4.19% to 4.09% (comparison rate).

Other banks that have cut mortgage rates in the past month include ING, Bankwest, Westpac and Macquarie.

LoanInterest rate (old/new)Comparison rate (old/new)Monthly Repayment* (old/new)Change (rate/repayment*)
Freedom Package Home Loan Plus Discount Fixed (Principal and Interest) 3 Years3.79%/3.59%4.6%/4.55%$2327/$2270-0.2%/-$57
Freedom Package Investment Loan Plus Discount Fixed (Interest Only) 3 Years4.29%/3.99%5.37%/5.29%$2471/$2384-0.3%/-$87
Freedom Package Investment Loan Plus Discount Fixed (Principal and Interest) 3 Years4.09%/3.89%5.11%/5.05%$2413/$2355-0.2%/-$58
Freedom Package Investment Loan Plus Discount Variable (Interest Only)4.19%/4.09%4.57%/4.47%$2422/$2413-0.1%/-$29

*Assumptions: $500,000 home loan, paid monthly on a 30-year term. Repayment value may change when fixed term ends and reverts to a variable interest rate.Source: MoneySmart

Did you find this helpful? Why not share this news?

This article was reviewed by Head of Content Leigh Stark before it was published as part of RateCity's Fact Check process.

Advertisement

RateCity

More home loans news

More news? Read more here

Learn more about home loans