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Mortgage wars rumble as Macquarie has a crack at fixed rates

There are easier ways for bankers to make a buck than selling fixed rate mortgages, yet Macquarie is having a crack.

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Once in a blue moon, Australian borrowers get interested in fixed-rate mortgages.

Macquarie has been offering two-year fixed money as low as 5.39 per cent – nearly 100 basis points, or four interest rate cuts, below most rivals’ standard variable rate – via brokers across the country.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/mortgage-wars-rumble-as-macquarie-has-a-crack-at-fixed-rates-20241015-p5kika