RateGapevery home loan rate lenders publish, compared
What moved this week
Every advertised home loan rate is read each morning. A move is a rate that came back different from the morning before. The last 7 mornings.
Rates checked Monday 2 November at 7:01 am (Sydney time) ยท browse all the data
Since Monday 26 October, 18 lenders moved 289 advertised rates: 64 down and 225 up. The typical move was 0.25 points. 789 new rate lines appeared.
A week with no move is not a fault in the reading, and a week with many is not a fault in the lenders. Every move since the capture began is in the change log, and there is a feed of it.
Who moved
| Lender | Rates moved | Down | Up |
|---|---|---|---|
| Cairns bank | 72 | 0 | 72 |
| MyState Bank | 71 | 2 | 69 |
| Defence Bank | 31 | 0 | 31 |
| The Mac | 21 | 0 | 21 |
| Judo Bank | 20 | 16 | 4 |
| La Trobe Financial | 10 | 0 | 10 |
| Broken Hill Bank | 9 | 0 | 9 |
| Australian Mutual Bank LTD | 8 | 8 | 0 |
| Firefighters Mutual Bank | 8 | 8 | 0 |
| Health Professionals Bank | 8 | 8 | 0 |
| Teachers Mutual Bank | 8 | 8 | 0 |
| UniBank | 8 | 8 | 0 |
| Auswide Bank Ltd | 4 | 0 | 4 |
| Maitland Mutual Limited | 4 | 4 | 0 |
| AAA FINANCIAL CORPORATION | 3 | 1 | 2 |
The largest moves
| Day | Lender | Loan | For | From | To |
|---|---|---|---|---|---|
| Tuesday 27 October | MyState Bank | Special Residential Variable Loan | Live in, paying it down | 6.04% | 7.29% |
| Wednesday 28 October | Maitland Mutual Limited | Package Home Loan | Investment, interest only | 7.09% | 6.39% |
| Thursday 29 October | La Trobe Financial | Everyday Heroes Lite Doc | Live in, paying it down | 6.64% | 7.04% |
| Wednesday 28 October | Broken Hill Bank | Choice Investment Home Loan | Investment, paying it down | 6.59% | 6.99% |
| Tuesday 27 October | Defence Bank | Ultimate Essentials Fixed (fixed) | Live in, paying it down | 6.39% | 6.74% |
| Tuesday 27 October | Defence Bank | Ultimate Essential Inv Fixed (fixed) | Investment, paying it down | 6.59% | 6.94% |
| Thursday 29 October | La Trobe Financial | Everyday Heroes Full Doc | Live in, paying it down | 6.49% | 6.84% |
| Saturday 31 October | The Mac | MORTGAGE 1YR FIXED OWNER OCCUPIED P&I (fixed) | Live in, paying it down | 6.29% | 6.59% |
| Wednesday 28 October | AAA FINANCIAL CORPORATION | Standard Home Loan (fixed) | Live in, paying it down | 7.44% | 7.74% |
| Monday 2 November | Horizon Bank | HANDYLOAN | 8.14% | 8.39% |
Where the market stands now
Variable rates today and fixed rates today, after these moves. Against the Reserve Bank's last decision: who has moved since. Read your own rate against them.
How this is worked out, and what it does not tell you
How it is worked out
- Rates come from each lender's own feed under the Consumer Data Right, read each morning. Nobody types one in.
- A rate counts only if anyone could take it. Loans for particular groups, and lenders the capture cannot reach, are left out.
- Each loan counts once per profile, at its lowest advertised rate.
- A move is counted where a rate line came back at least 0.01 points different from its previous reading. A line appearing for the first time is a new line, not a move.
What it does not tell you
- Advertised rates, not offers. A lender can say no.
- New-customer prices. What existing customers pay is published nowhere.
- The rate is not the cost. Fees sit outside it. What a comparison rate adds.
The data is free to download, so any figure here can be checked.
Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.
More from the data
Building something with this? There is an API, and the data is free.
This morning: the market, variable rates, fixed rates and what moved this week.
Found in the data: what lenders charge above 80%, the rate a fixed loan rolls onto and what a comparison rate adds. Also what an offset costs, and what investors pay on top.