ANZ is the latest major bank to slash most of its fixed rate home loans following similar moves by Westpac and its regional subsidiaries earlier this month. In a notification to mortgage aggregators on Tuesday, ANZ said it had chopped its two-year fixed rate for owner occupiers paying principal and interest by 30 basis points. The new two-year rate for owner occupiers on loan to value ratios is 6.24 per cent, while the same cohort of borrowers requiring mortgage insurance are being offered 6.29 per cent. The bank has wiped 10 basis points from its three-year fixed rate offers to owner occupiers paying P&I. The three-year rate for borrowers on LVR’s less than 80 per cent is 6.29 per cent, while those requiring mortgage insurance will pay 6.34 per cent. ANZ has been less generous to investment borrowers. The bank has lowered interest costs of investors seeking two-year fixed rate mortgages by 25 basis points. Investors on P&I terms will pay 6.39 per cent if their LVR is below 80 per cent and 6.44 per cent if the LVR is above that threshold. Interest-only investment loans fixed for two years, which are only marketed to borrowers on LVRs below 80 per cent, have been cut by 25 basis points to 6.44 per cent. The ANZ moves bring the bank’s fixed rate pricing mostly into line with Westpac new rates announced on 13 September. Westpac has also repriced its two-year interest only rate for investment borrowers to 6.44 per cent. In other pricing developments announced this week, Resimac said was lowering rates on interest-only loans to match the pricing of full doc mortgages requiring principal and interest repayments. The non-bank lender is charging owner occupiers a flat rate of 6.24 per cent for its “Prime Flex” if the LVR is 80 per cent or less. Resimac is also marketing the same rate to investment borrowers paying interest-only or P&I.