Another round of rate cuts. ANZ takes the lead

ANZ has taken pole position in the home loan rate market cutting some rates to the lowest on offer.

It now leads the one-year fixed rate term with a 2.55% Special rate. Interestingly enough the changes made varied between its standard and special rates.

Only the 18-month and three year standard rates were cut, by 30 and 46 basis points respectively. However, all the terms from six months to three-years were cut for its so-called Special rates. These cuts ranged from six basis points to 56 basis points.

To see how these changes stack up check out our rates table here which is sorted on lowest to highest on the one-year term.