RateGapevery home loan rate lenders publish, compared
Fixed home loan rates today
Every fixed rate lenders advertise that anyone could take, by term, read this morning.
Rates checked Monday 2 November at 7:01 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 6.29%, read Monday 2 November. gmcu, Horizon Bank and MoveBank advertise it or less. That is 0.44 points above the going variable rate of 5.85%. By term: one year 6.24%, two years 6.29%, three years 6.30%, five years 6.54%.
The going rate is where a third distinct lender appears in the sorted list, so one lender's odd price cannot set it.
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 | 6.24% | 6.14% | 6.69% | 71 | 103 |
| Two years | 6.29% | 6.19% | 6.74% | 74 | 117 |
| Three years | 6.30% | 5.85% | 6.79% | 70 | 114 |
| Five years | 6.54% | 6.44% | 6.94% | 58 | 95 |
The other loan types, going rate by term
| Loan | one year | two years | three years | five years |
|---|---|---|---|---|
| Live in, interest only | 6.49% | 6.49% | 6.59% | 6.89% |
| Investment, paying it down | 6.39% | 6.49% | 6.44% | 6.69% |
| Investment, interest only | 6.59% | 6.59% | 6.54% | 6.79% |
The three that set the two-year going rate
gmcu, Horizon Bank, MoveBank. The third of them, MoveBank, publishes Everyday Home Loan at 6.29%, 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
- 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.
- 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
- 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.