AFM Cuts Fixed Rates

AFM Cuts Fixed Rates

As part of its ongoing commitment to continually improve the home loan experience for mortgage brokers and their customers, Australian First Mortgage has announced a brace of rate cuts to its Flexible product range.

Ahead of the RBA’s rate announcement today, AFM has taken the knife to its 4-year and 5-year fixed rates in its full-doc Flexible product range.

The 4-year fixed rate is down by 0.41% to 5.12%, and the 5-year fixed rate it is down by 0.26% to 5.22%.

These fixed rates include 100% offset facility and allow for construction as well.

Managing Director David White said fixed rates continue to be a popular option because of the certainty they provide.

“With AFM borrowers can benefit from a rate cut, regardless of which way the RBA decides to move,” he said.

The rate movements are effective immediately.