From the AFR:
The Commonwealth Bank has slashed its five-year fixed mortgage rate to a record low of 4.99 per cent, offering borrowers the chance to exploit historically low interest rates.
The country’s biggest lender said on Wednesday its five-year rate would fall 0.7 percentage points to 4.99 per cent, the lowest rate in the market. It is the first time the bank has cut its five-year fixed rate below 5 per cent.
