Commbank & Macquarie cut fixed rate home loans

By Cameron Thomson · · 1 min read
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Fixed home loan borrowers

As the RBA held the cash rate at 4.10% for two months in a row, banks have made their own calls on which of their home loan products should be raised or cut. 

While fixed rate home loans were hiked by a number of banks last month, some of the same banks have cut rates this month. What’s more, some of the cuts are fairly substantial. 

Who cut fixed rate home loans?

Last week, Commbank, Macquarie, and Ubank cut fixed rate home loans. According to Mozo tool Marketview, Commbank cut its one year fixed rates by 15 basis points and its 3 year by 35 basis points. 

Ubank only cut rates for one of their home loan products. The 5 year term Own Home Loan for owner-occupiers (LVR <85%) was cut by 47 basis points. 

Meanwhile, Macquarie lowered a range of its fixed rate home loan products. For example, its Basic Home Loan for owner-occupiers (LVR 70-80%) was cut by 24 basis points for 1-5 year terms. The same product for investors (LVR 70-80%) was lowered by 26 basis points for a 1-3 year term and 24 basis points for 4 and 5 year terms. 

Knowing home loan interest rate movements can be a good way for borrowers to gauge where the market is at. Want to see how home loan products compare? Check out some of the fixed rate home loan products featured below…

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Last updated 5 December 2025 Important disclosures and comparison rate warning*
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  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    Interest rate
    5.09 % p.a.
    Fixed 2 years
    Comparison rate
    5.43 % p.a.
    Initial monthly repayment
    $2,712
    Go to site
    • No ongoing annual fees
    • Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
    • Lock in for up to 5 years.
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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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