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Aussie Home Loans has announced it will not only pass on the Reserve Bank of Australia’s 25 basis point rate cut in full, but will also cut its fixed rate home loans by up to 0.45 per cent.

Aussie Home Loan Fixed Rates on one to five year terms will all be reduced, with an Optimizer three year fixed promotional rate of 4.44 per cent (comparison rate 4.74 per cent p.a.) for principal and interest, owner occupied home loans^. This limited time offer is the lowest rate in its history, and effective from 11 February 2015.

The Aussie Select Basic Variable Rate will be starting from 4.39 per cent (comparison rate 4.40 per cent p.a.) for new lending^^ – the product’s lowest variable rate ever.

John Symond, Founder and Executive Chairman of Aussie, said the Reserve Bank’s decision to drop the cash rate by 25 basis points will undoubtedly stir up even greater competition and further falls in mortgage rates for borrowers.

“In my 23 years of business with Aussie I have never seen a stronger borrower’s market. Interest rates are at historic lows, lenders are fighting for home loan market share and now is the time for all property owners, whether owner occupiers or investors, to make sure they have a really good rate,“ Symond said.

“Even if your lender passes on the rate cuts you should still speak to them and ask what else they can offer you. Then, go out and get an expert second opinion from an accredited mortgage broker. Borrowers should be making sure that what you’ve been offered really is the best you can get.

“Even saving what seems like just a little bit on your interest rate can add up to a lot of money saved over the life of your home loan, so why pay more just to stay with your bank if there is a better deal out there,” Symond concluded.

The 0.25 per cent rate cut will also apply to existing Aussie Select and Aussie Optimizer variable rate home loans, effective from 23 February 2015.

To get a free, expert second opinion from an Aussie Mortgage Broker call 13 13 33 or visit to book an obligation free appointment

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