ANZ and Westpac latest to cut rates

Good morning. Plenty of rate cut action to report this morning, and it looks like 3.79% is the new magic number for two-year rates. 

After BNZ cut its two-year rate on Monday, two of the bank's big four rivals have followed suit. 

ANZ has cut its two-year special rate to 3.79%, and slashed its carded rate to 4.29%. 

Meanwhile, Westpac has also cut its two-year special to 3.79% from 3.85%.

Both sets of cuts are effective this morning. Find out how home loan rates are shaping up here: [READ ON].