While attention has been focused on mortgage lenders increasing their variable rates over the past couple of months, fixed rates have been coming down.According to the comparison site Mozo, more than 20 lenders cut fixed rates in November, with reductions of as much as 50 basis points.Auswide Bank cut 50 bps off its three-year owner-occupier rate, which is now 4.29 per cent.ANZ cuts its two and three-year investor rates by 45 bps, Qantas Credit Union cut its three-year owner-occupier rate by 25 bps to 4.24 per cent.Adelaide Bank cut its three, four and five-year investor rates by 25 bps. Aussie cut its three-year owner-occupier rate by 20 bps to 4.19 per cent.Commonwealth Bank and National Australia Bank reduced a number of fixed rates.Borrowers are responding to these changes. As reported in Banking Day last week, Mortgage Choice chief executive John Flavell said fixed rate loans accounted for 17.4 per cent of mortgage written by the company's brokers in November - up from 13.9 per cent the previous month.Flavell said: "At the end of October the majority of lenders lifted rates on their suite of variable home loan products."As a result, an increasing number of new buyers are looking to fix at least part of their mortgage."