Lenders look to lock in borrowers with deep fixed-rate cuts 04 May 2015 3:49PM John Kavanagh A number of mortgage lenders are offering three-year fixed rates below their one and two-year rates. Comparison site Mozo reports that around 20 lenders cut three-year rates last month as they sought to take advantage of the low-rate environment and lock in borrowers for longer periods.The lowest variable mortgage rate on Mozo's database is 4.19 per cent, offered by Mortgage House to borrowers with loan-to-valuation ratios below 50 per cent, followed by 4.23 per cent offered by Homestar and loans.com.au.However, the lowest three-year fixed rate is 3.95 per cent, offered by HSBC. HSBC cut its one two and three-years fixed rates by 19 basis points last month. The three-year rate on its Premier package was cut by 53 bps.Other lenders to cut fixed rates included Aussie, BankVic, Beyond Bank, CUA, G&C Mutual Bank, Heritage Bank, Homeloans, Macquarie, QT Mutual Bank, Reduce Home Loans, Resi and Suncorp.Among the big moves, Reduce Home loans cut its three-year rate by 75 bps to 3.99 per cent, Resi cut its three-year rate by 60 bps, QT Mutual Bank cut its two-year rate by 51 bps and Homeloans took 25 bps off its three-year rate.