National Mortgage Company has has made a decision to introduce rete cuts to some of it’s fixed home loan products.
NMC’s one and two year fixed rate mortgages will now be offered at 7.30 and 7.50 per cent respectively.
The move comes after the NMC reduced both its two and three year fixed rates to 7.60 per cent just over a week ago. However since that rate cut some other players in the home loan industry have come out with significant rate reduction for fixed mortgages. Aussie Home Loans for one had cut it’s fixed rates to 6.99%.
Head of sales Fernando Lemos said NMC had observed a slight shift to fixed rates with consumers wanting certainty for the future.
“We are always looking at ways of passing any funding benefits directly onto our customers,” he said. NMC will endeavor to continue to offer value home loans in the ever changing Australian mortgage landscape.