RateGapevery home loan rate lenders publish, compared
Fixed home loan rates today
Every fixed rate Australian lenders publish that anyone could take, by term, read this morning. No lender pays to be here.
Rates checked Friday 18 September at 5:49 am (Sydney time) ยท browse all the data
For a home you live in, paying it down, the going rate fixed for two years is 6.19%, read Friday 18 September. Horizon Bank, bankWAW and Dnister advertise it or less. That is 0.35 points above the going variable rate of 5.84%. By term: one year 6.19%, two years 6.19%, three years 5.99%, five years 6.39%.
The going rate is the rate at which a third distinct lender appears in the sorted list. It is not the lowest rate anyone publishes. One lender's price is worth nothing to a borrower that lender says no to.
A fixed rate is two rates. There is the one you fix, and there is the rate the loan rolls onto when the term ends, which no lender advertises. How to read that second rate off the comparison rate.
Live in, paying it down, by term
| Loan | Going | Lowest | Middle | Lenders | Loans |
|---|---|---|---|---|---|
| One year | 6.19% | 5.99% | 6.49% | 68 | 95 |
| Two years | 6.19% | 5.99% | 6.49% | 71 | 109 |
| Three years | 5.99% | 5.85% | 6.54% | 67 | 106 |
| Five years | 6.39% | 6.34% | 6.69% | 56 | 90 |
The other loan types, going rate by term
| Loan | one year | two years | three years | five years |
|---|---|---|---|---|
| Live in, interest only | 6.34% | 6.34% | 6.44% | 6.77% |
| Investment, paying it down | 6.29% | 6.29% | 6.19% | 6.59% |
| Investment, interest only | 6.42% | 6.39% | 6.44% | 6.69% |
The three that set the two-year going rate
Horizon Bank, bankWAW, Dnister. The third of them, Dnister, publishes Premier HL Fixed Interest Rate at 6.19%, and that is the going rate. Each has a page: every lender.
Also in the data
Variable rates today. What moved this week. Read your own rate against the market.
How this is worked out, and what it does not tell you
How it is worked out
- Every rate comes from the lender's own feed, published under the Consumer Data Right. Nobody types a rate in. The rates are read each morning, and the figures on this page are taken once, from that morning's read.
- A rate counts only if anyone could take it. Loans for a particular group only, by their published conditions or by their name, are left out. So is any lender the capture has stopped reaching.
- Each loan is counted once per profile, at its lowest advertised rate. A lender that prices five bands by how much you owe is one loan here, not five.
- Fixed rates only, grouped by the term the lender states. Four-year and six-month terms exist and are counted, but get no row of their own.
What it does not tell you
- These are advertised rates, not offers. The rate a lender writes for you depends on you and on the lender. It can say no.
- They are prices for a new customer. What a lender charges the customers it already has is published nowhere.
- The rate is not the cost. Fees sit outside it. What a comparison rate adds measures how far.
The data behind this page is free to download, so any figure here can be checked against the file, and the file against the lender.
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.
Building something with this? There is an API, and the data is free.
This morning: 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, what a comparison rate adds and what an offset costs.