The cash rate stands at 3%, with the lowest advertised variable rate on offer being 4.99% from lender Easy Street.
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February RBA interest rate decision: A guide to the lowest rate home loan offerings as of February 4
Tomorrow the Reserve Bank’s monetary policy committee meets for the first time in 2013 to decide whether to adjust the cash rate.
The majority of economists expect the cash rate to remain on hold – 24 out of 28 economists polled by Bloomberg last week said so on the back of house prices rising in January and unemployment still low.
The cash rate stands at 3%, with the lowest advertised variable rate on offer being 4.99% from lender Easy Street, owned and operated by Sydney-based Community First Credit Union.
For borrowers intent on refinancing with a major bank brand, UBank, the online offering of NAB, has a refinancing variable rate of 5.12%.
Non-bank lender homeloanHQ, with loans underwritten by a major bank, is offering three-year fixed fixed-rate home loan at 4.99%.
Where the headline rate is the same, the lender with the lowest comparison rate gets preference.
Lowest variable rate offerings:
Lowest one-year fixed-rate offerings
Lowest three-year fixed-rate offerings
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar The Do's and Don’ts of Refinancing Your Existing Home Loan ... and How to Avoid Unnecessary Hurdles.