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Lenders outside the big four are offering some of their best fixed mortgage rates in more than a year, dropping them to below 6 per cent, according to comparison website Compare Club.

AMP, Macquarie Bank and the Bank of Queensland have cut three-year fixed rates to below 6 per cent, but the four majors have barely shifted their fixed rate offers, which range from 6.59 per cent and 6.69 per cent. Variable rates are above 7 per cent.