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.