Since the inflation numbers for the December quarter last year came in, the RBA ASX rate tracker has stayed consistent - market expectations are there is a 95% chance the RBA will cut the cash rate to 4.10% on 18 February.

Economists from all of the big four banks are now officially predicting a rate cut now NAB and Westpac have their forecasts after the Q4 price changes were revealed.

NAB followed this by cutting its fixed rate home loans for both owner occupiers and investors in this week's biggest mortgage market news.

The cuts take the lowest advertised rate at NAB below anything at Commonwealth Bank or Westpac for owner occupiers.

Read more: NAB cut fixed home loan rates

Heritage Bank cuts variable rates for investors by 10 bps

Product Rate Change
Investment Discount Variable P&I (LVR ≤70%) Down 10 bps to 6.14% p.a. (6.16% p.a. comparison rate*)
Investment Discount Variable P&I (LVR 70-80%) Down 10 bps to 6.24% p.a. (6.26% p.a. comparison rate*)
Investment Discount Variable P&I (LVR 80-90%) Down 10 bps to 6.64% p.a. (6.66% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR ≤70%) Down 10 bps to 6.29% p.a. (6.63% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR 70-80%) Down 10 bps to 6.39% p.a. (6.73% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR 80-90%) Down 10 bps to 6.79% p.a. (7.13% p.a. comparison rate*)

Besides NAB, the largest lender to cut rates this week was Heritage Bank, Australia's largest customer owned outfit.

The new lowest variable rate for investors at Heritage bank becomes 6.14% p.a., one of the most competitive rates on market, with a 6.16% p.a. comparison rate*.

Other movers

  • imb Bank cut some variable rates by up to 20 bps

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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

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
6.04% p.a.
6.08% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • Easy application. Fast approval. No annual fee.
  • Unlimited additional repayments free of charge.
  • Redraw freely - Access your additional payments.
 Disclosure
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 Blake Wheeler on Unsplash



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