The biggest mover was AMP, which hiked fixed rates by up to 0.50% for both owner occupiers and investors.

For variable rate mortgage holders, barring a few smaller lenders that adjusted rates, this weeks biggest news was likely the announcement from Westpac on Thursday.

Australia's second largest lender has officially revised its forecast for RBA rate cuts, with its economists now believing rate cuts are unlikely until May next year, following NAB's lead.

"[RBA rhetoric] suggests they will wait for longer than previously believed," Westpac chief economist Luci Ellis said.

While this outlook is data dependant and could change as the outlook for growth, inflation, and unemployment changes, any rate cut at the final monetary policy meeting of the year in December has been all but ruled out.

If you hold a variable rate home loan, that means it's pretty unlikely you'll see your repayments decrease this side of the new year.

Though, you might be able to save by shopping around and refinancing to a lower rate.

For the time being, ANZ and Commonwealth Bank continue to predict a February rate cut.

Note: ANZ cut variable home loan rates after this article was published. Find out more

AMP hiked rates up to 50 bps for owner occupiers...

Product Rate Change
Professional Package Residential Fixed P&I 1 yr, LVR <=80% Up 10 bps to 6.04% p.a (7.20% p.a comparison rate*)
Professional Package Residential Fixed P&I 2 yrs, LVR <=80% Up 10 bps to 5.89% p.a (7.06% p.a comparison rate*)
Professional Package Residential Fixed P&I 3 yrs, LVR <=80% Up 10 bps to 5.89% p.a (6.94% p.a comparison rate*)
Professional Package Residential Fixed P&I 5 yrs, LVR <=80% Up 50 bps to 6.29% p.a (6.91% p.a comparison rate*)
Professional Package Residential Fixed P&I 1 yr, LVR 80-90% Up 10 bps to 6.24% p.a (7.30% p.a comparison rate*)
Professional Package Residential Fixed P&I 2 yrs, LVR 80-90% Up 10 bps to 6.09% p.a (7.16% p.a comparison rate*)
Professional Package Residential Fixed P&I 3 yrs, LVR 80-90% Up 10 bps to 6.09% p.a (7.05% p.a comparison rate*)
Professional Package Residential Fixed P&I 5 yrs, LVR 80-90% Up 50 bps to 6.49% p.a (7.04% p.a comparison rate*)

...and for investors

Product Rate Change
Professional Package Investment Fixed P&I 1 yr, LVR <=80% Up 5 bps to 6.14% p.a (7.21% p.a comparison rate*)
Professional Package Investment Fixed P&I 2 yrs, LVR <=80% Up 5 bps to 5.94% p.a (7.07% p.a comparison rate*)
Professional Package Investment Fixed P&I 3 yrs, LVR <=80% Up 5 bps to 5.89% p.a (6.94% p.a comparison rate*)
Professional Package Investment Fixed P&I 5 yrs, LVR <=80% Up 40 bps to 6.39% p.a (6.95% p.a comparison rate*)
Professional Package Investment Fixed P&I 1 yr, LVR 80-90% Up 5 bps to 6.34% p.a (7.34% p.a comparison rate*)
Professional Package Investment Fixed P&I 2 yrs, LVR 80-90% Up 5 bps to 6.14% p.a (7.20% p.a comparison rate*)
Professional Package Investment Fixed P&I 3 yrs, LVR 80-90% Up 5 bps to 6.09% p.a (7.08% p.a comparison rate*)
Professional Package Investment Fixed P&I 5 yrs, LVR 80-90% Up 40 bps to 6.59% p.a (7.10% p.a comparison rate*)

MyState Bank varies rates by up to 30 bps

Product Rate Change
Investment Fixed 1 yr, LVR 80% Up 20 bps to 6.49% p.a (8.23% p.a comparison rate*)
Investment Fixed 2 yrs, LVR 80% Up 30 bps to 6.44% p.a (8.03% p.a comparison rate*)
Investment Fixed 3 yrs, LVR 80% Up 30 bps to 6.34% p.a (7.82% p.a comparison rate*)
Investment Fixed 5 yrs, LVR 80% Up 5 bps to 6.54% p.a (7.60% p.a comparison rate*)
Investment Fixed 1 yr, LVR 80-90% Up 20 bps to 6.69% p.a (8.25% p.a comparison rate*)
Investment Fixed 2 yrs, LVR 80-90% Up 30 bps to 6.64% p.a (8.07% p.a comparison rate*)
Investment Fixed 3 yrs, LVR 80-90% Up 30 bps to 6.54% p.a (7.88% p.a comparison rate*)
Investment Fixed 5 yrs, LVR 80-90% Up 5 bps to 6.74% p.a (7.69% p.a comparison rate*)
Residential Fixed 1 yr, LVR <=70% Up 20 bps to 6.19% p.a (7.93% p.a comparison rate*)
Residential Fixed 2 yrs, LVR <=70% Up 30 bps to 5.99% p.a (7.71% p.a comparison rate*)
Residential Fixed 3 yrs, LVR <=70% Up 30 bps to 5.94% p.a (7.66% p.a comparison rate*)
Residential Fixed 1 yr, LVR 70-80% Up 20 bps to 6.24% p.a (7.94% p.a comparison rate*)
Residential Fixed 2 yrs, LVR 70-80% Up 30 bps to 6.04% p.a (7.72% p.a comparison rate*)
Residential Fixed 3 yrs, LVR 70-80% Up 30 bps to 5.99% p.a (7.72% p.a comparison rate*)
Residential Fixed 5 yrs, LVR 70-80% Up 5 bps to 6.29% p.a (7.49% p.a comparison rate*)
Residential Fixed 1 yr, LVR 80-90% Up 20 bps to 6.44% p.a (7.99% p.a comparison rate*)
Residential Fixed 2 yrs, LVR 80-90% Up 30 bps to 6.24% p.a (7.78% p.a comparison rate*)
Residential Fixed 3 yrs, LVR 80-90% Up 30 bps to 6.19% p.a (7.78% p.a comparison rate*)
Residential Fixed 5 yrs, LVR 80-90% Up 5 bps to 6.49% p.a (7.58% p.a comparison rate*)
Special Residential Home Loan, LVR <=60% Down 10 bps to 6.04% p.a (6.10% p.a comparison rate*)
Special Residential Home Loan, LVR 60-70% Down 10 bps to 6.09% p.a (6.15% p.a comparison rate*)
Special Residential Home Loan, LVR <=80% Down 5 bps to 6.19% p.a (6.25% p.a comparison rate*)

Other movers

  • Illawarra Credit Union cut variable rates 5 bps
  • Tiimely Home hiked refinance and purchase variable rates (LVR up to 90%) 5 bps to 5.99% p.a (6.00% p.a comparison rate*)
  • BankVic varied fixed and variable rates up to 46 bps
  • Summerland Bank cut fixed rates 10 bps

Advertisement

Buying a new home or looking to refinance? These are some of the top fixed home loan rates available at the moment.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.69% p.a.
6.13% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
5.89% p.a.
6.62% p.a.
$2,962
Principal & Interest
Fixed
$8
$350
70%
5.94% p.a.
6.02% p.a.
$2,978
Principal & Interest
Fixed
$0
$0
80%
6.19% p.a.
8.16% p.a.
$3,059
Principal & Interest
Fixed
$8
$750
95%
6.24% p.a.
8.55% p.a.
$3,075
Principal & Interest
Fixed
$8
$600
95%
6.39% p.a.
7.55% p.a.
$3,124
Principal & Interest
Fixed
$null
$160
95%
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Picture by Breno Assiss on Unsplash



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