On Melbourne Cup day, the RBA cut the cash rate by 15 basis points to a record low of 0.10 per cent.
At time of writing, we now have we have a total of 11 lenders with rates below 2 per cent on the RateCity database.
Sally Tindall, RateCity Research Director, said: “It’s a win for home-owners to see the list of lenders offering rates below two per cent continuing to grow.”
“Some of these sub-2 per cent rates have specific terms and conditions so they won’t suit everyone.
“But with 83 lenders offering owner-occupier rates under 2.5 per cent, refinancers are spoilt for choice,” she said.
If you’re considering refinancing or seeking your first home loan, there has never been a better time to shop around. Read on to discover some of the lowest rate home loans currently on the Australian market.