RateGapevery home loan rate lenders publish, compared
Variable home loan rates today
Every variable rate lenders advertise that anyone could take, read this morning.
Rates checked Monday 2 November at 7:01 am (Sydney time) · browse all the data
For a home you live in, paying it down, the going variable rate is 5.85%, read Monday 2 November. AAA FINANCIAL CORPORATION, Easy Street and CommFCU advertise it or less. The lowest advertised rate is 5.69%, from AAA FINANCIAL CORPORATION. Half of the 316 loans open to anyone sit between 6.28% and 7.14%.
The going rate is where a third distinct lender appears in the sorted list, so one lender's odd price cannot set it.
Read your own rate against it. The comparison says how much of any difference a phone call to your own lender can close, and how much would take an application.
By loan type
| Loan | Going | Lowest | Middle | Lenders | Loans |
|---|---|---|---|---|---|
| Live in, paying it down | 5.85% | 5.69% | 6.54% | 104 | 316 |
| Live in, interest only | 6.19% | 5.69% | 7.23% | 79 | 214 |
| Investment, paying it down | 6.09% | 5.69% | 6.79% | 103 | 278 |
| Investment, interest only | 6.34% | 5.69% | 6.99% | 88 | 233 |
The three that set the going rate
AAA FINANCIAL CORPORATION, Easy Street, CommFCU. The third of them, CommFCU, publishes Core Variable Home Loan - Owner-occupied LVR 80… at 5.85%, and that is the going rate. Each has a page: every lender.
Also in the data
Fixed rates today, by term. What moved this week. Every lender, with a page each.
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.
- Variable rates only. Fixed rates are on their own page, by term.
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.