For variable rate mortgage holders, Tuesday's rate hold means there's little chance of their repayments being cut until the RBA reconvenes on 10 December at the earliest.

Realistically, most economists agree widespread rate cuts are unlikely until at least February 2025, depending on inflation and other indicators.

Fixed rates however – where interest rates are more closely associated with returns offered on fixed assets, like bonds – continue to be altered.

ANZ headlined another wave of fixed cuts last week, while some smaller lenders even cut variable rates.

This time around, it was Bank of Queensland and ME Bank's turn to fiddle with fixed mortgage rates.

Bank of Queensland hiked fixed rates for homeowners

Product Rate Change
Residential Fixed 2 years (LVR 0-95%) Up 10 bps to 6.04% p.a. (6.44% p.a. comparison rate*)
Residential Fixed 3 years (LVR 0-95%) Up 10 bps to 6.04% p.a. (6.41% p.a. comparison rate*)
Residential Fixed 4 years (LVR 0-95%) Up 10 bps to 6.34% p.a. (6.49% p.a. comparison rate*)
Residential Fixed 5 years (LVR 0-95%) Up 10 bps to 6.34% p.a. (6.49% p.a. comparison rate*)
Residential Fixed 2 years Discount Rate (LVR 0-80%) Up 10 bps to 5.69% p.a. (6.37% p.a. comparison rate*)
Residential Fixed 3 years Discount Rate (LVR 0-80%) Up 10 bps to 5.69% p.a. (6.31% p.a. comparison rate*)
Residential Fixed 4 years Discount Rate (LVR 0-80%) Up 10 bps to 5.99% p.a. (6.37% p.a. comparison rate*)
Residential Fixed 5 years Discount Rate (LVR 0-80%) Up 10 bps to 5.99% p.a. (6.34% p.a. comparison rate*)
Residential Fixed 2 years Discount Rate (LVR 80-90%) Up 10 bps to 5.89% p.a. (6.41% p.a. comparison rate*)
Residential Fixed 3 years Discount Rate (LVR 80-90%) Up 10 bps to 5.79% p.a. (6.34% p.a. comparison rate*)
Residential Fixed 4 years Discount Rate (LVR 80-90%) Up 10 bps to 6.09% p.a. (6.40% p.a. comparison rate*)
Residential Fixed 5 years Discount Rate (LVR 80-90%) Up 10 bps to 6.09% p.a. (6.38% p.a. comparison rate*)

Australia's eighth biggest owner-occupier home loan lender hiked many advertised fixed rates by 0.10% on Thursday, taking the lowest available fixed rate up to 5.69% p.a for two or three year fixed terms (6.37% p.a and 6.31% p.a comparison rate respectively*).

That's a discounted rate, which is only available for customers with a loan-to-value ratio (LVR) of 80% or less.

BOQ also hiked fixed rates for property investors by 10 bps

Product Rate Change
Investment Fixed 2 years (LVR 0-90%) Up 10 bps to 6.24% p.a. (6.56% p.a. comparison rate*)
Investment Fixed 3 years (LVR 0-90%) Up 10 bps to 6.24% p.a. (6.54% p.a. comparison rate*)
Investment Fixed 4 years (LVR 0-90%) Up 10 bps to 6.54% p.a. (6.63% p.a. comparison rate*)
Investment Fixed 5 years (LVR 0-90%) Up 10 bps to 6.54% p.a. (6.63% p.a. comparison rate*)
Investment Fixed 2 years Discount Rate (LVR 0-80%) Up 10 bps to 5.89% p.a. (6.49% p.a. comparison rate*)
Investment Fixed 3 years Discount Rate (LVR 0-80%) Up 10 bps to 5.89% p.a. (6.44% p.a. comparison rate*)
Investment Fixed 4 years Discount Rate (LVR 0-80%) Up 10 bps to 6.19% p.a. (6.50% p.a. comparison rate*)
Investment Fixed 5 years Discount Rate (LVR 0-80%) Up 10 bps to 6.19% p.a. (6.48% p.a. comparison rate*)
Investment Fixed 2 years Discount Rate (LVR 80-90%) Up 10 bps to 5.99% p.a. (6.51% p.a. comparison rate*)
Investment Fixed 3 years Discount Rate (LVR 80-90%) Up 10 bps to 5.89% p.a. (6.44% p.a. comparison rate*)
Investment Fixed 4 years Discount Rate (LVR 80-90%) Up 10 bps to 6.19% p.a. (6.50% p.a. comparison rate*)
Investment Fixed 5 years Discount Rate (LVR 80-90%) Up 10 bps to 6.19% p.a. (6.48% p.a. comparison rate*)

BOQ also boosted fixed rates for property investors this week.

The lowest rate available for investors turning to the bank rose to 5.89% p.a for two and three year fixed terms (6.49% p.a and 6.41% p.a comparison rate respectively*).

ME Bank varied fixed rates by up to 30 bps

BOQ-owned ME Bank also tweaked it's fixed rates after the RBA decision, with changes in either direction.

Here are the new rates advertised for owner occupiers:

Product Rate Change
Flexible Fixed P&I 1 year (LVR ≤80%) Down 15 bps to 6.34% p.a. (8.41% p.a. comparison rate*)
Flexible Fixed P&I 2 years (LVR ≤80%) Down 15 bps to 5.84% p.a. (8.08% p.a. comparison rate*)
Flexible Fixed P&I 3 years (LVR ≤80%) Down 10 bps to 5.84% p.a. (7.83% p.a. comparison rate*)
Flexible Fixed P&I 4 years (LVR ≤80%) Down 15 bps to 6.14% p.a. (7.71% p.a. comparison rate*)
Flexible Fixed P&I 5 years (LVR ≤80%) Down 15 bps to 6.14% p.a. (7.53% p.a. comparison rate*)
Flexible Fixed P&I 1 year (LVR ≤90%) Down 15 bps to 6.54% p.a. (8.62% p.a. comparison rate*)
Flexible Fixed P&I 2 years (LVR ≤90%) Down 15 bps to 6.04% p.a. (8.28% p.a. comparison rate*)
Flexible Fixed P&I 3 years (LVR ≤90%) Down 20 bps to 5.94% p.a. (8.00% p.a. comparison rate*)
Flexible Fixed P&I 4 years (LVR ≤90%) Down 25 bps to 6.24% p.a. (7.88% p.a. comparison rate*)
Flexible Fixed P&I 5 years (LVR ≤90%) Down 25 bps to 6.24% p.a. (7.69% p.a. comparison rate*)
Flexible Fixed P&I 1 year (LVR >90%) Down 25 bps to 7.49% p.a. (8.73% p.a. comparison rate*)
Flexible Fixed P&I 2 years (LVR >90%) Down 25 bps to 6.64% p.a. (8.41% p.a. comparison rate*)
Flexible Fixed P&I 3 years (LVR >90%) Down 20 bps to 6.59% p.a. (8.19% p.a. comparison rate*)
Flexible Fixed P&I 4 years (LVR >90%) Down 25 bps to 6.74% p.a. (8.06% p.a. comparison rate*)
Flexible Fixed P&I 5 years (LVR >90%) Down 25 bps to 6.89% p.a. (7.98% p.a. comparison rate*)
Member Package Flexible Fixed P&I 1 year (LVR ≤80%) Up 10 bps to 6.19% p.a. (6.66% p.a. comparison rate*)
Member Package Flexible Fixed P&I 2 years (LVR ≤80%) Up 10 bps to 5.69% p.a. (6.55% p.a. comparison rate*)
Member Package Flexible Fixed P&I 3 years (LVR ≤80%) Up 10 bps to 5.69% p.a. (6.50% p.a. comparison rate*)
Member Package Flexible Fixed P&I 4 years (LVR ≤80%) Up 10 bps to 5.99% p.a. (6.56% p.a. comparison rate*)
Member Package Flexible Fixed P&I 5 years (LVR ≤80%) Up 10 bps to 5.99% p.a. (6.54% p.a. comparison rate*)
Member Package Flexible Fixed P&I 1 year (LVR 80-90%) Up 10 bps to 6.39% p.a. (6.86% p.a. comparison rate*)
Member Package Flexible Fixed P&I 2 years (LVR 80-90%) Up 10 bps to 5.89% p.a. (6.75% p.a. comparison rate*)
Member Package Flexible Fixed P&I 3 years (LVR 80-90%) Up 10 bps to 5.79% p.a. (6.67% p.a. comparison rate*)
Member Package Flexible Fixed P&I 4 years (LVR 80-90%) Up 10 bps to 6.09% p.a. (6.73% p.a. comparison rate*)
Member Package Flexible Fixed P&I 5 years (LVR 80-90%) Up 10 bps to 6.09% p.a. (6.70% p.a. comparison rate*)

Other movers

  • Northern Inland Credit Union cut fixed rates by 40 bps
  • Greater Bank cut fixed rates by up to 15 bps
  • Pepper Money cut rates by up to 160 bps

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Looking for a fixed rate home loan? Here are some of the strongest available options for a two year fixed term

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.
6.08% p.a.
$2,899
Principal & Interest
Fixed
$0
$350
70%
5.89% p.a.
6.41% p.a.
$2,962
Principal & Interest
Fixed
$10
$150
90%
5.75% p.a.
5.95% p.a.
$2,918
Principal & Interest
Fixed
$0
$0
90%
5.69% p.a.
7.43% p.a.
$2,899
Principal & Interest
Fixed
$0
$180
95%
5.74% p.a.
5.99% p.a.
$2,915
Principal & Interest
Fixed
$0
$0
80%
6.19% p.a.
8.39% p.a.
$3,059
Principal & Interest
Fixed
$8
$750
70%
6.19% p.a.
7.19% p.a.
$3,059
Principal & Interest
Fixed
$null
$160
95%
6.09% p.a.
6.89% p.a.
$3,027
Principal & Interest
Fixed
$8
$350
80%
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

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