The competition between Australian lenders and their fixed rates is heating up, with CBA claiming overall fixed rates are now at a five-year low.
Last week, the bank cut across its suite of products, bringing its four and five-year fixed-rate loans to nine-year lows.
It followed a cut from Westpac earlier in the week.
News Limited reported the fixed rate market took around 20% of the $1.1 trillion home loan market during the June quarter.
executive general manager of retail Michael Cant told News Limited the market would grow considerably before the end of the year.
"Fixed rates are now at a five-year low and we expect the demand to rise to about 25 per cent over the coming months," he said.