Current rates - Home Loan Interest Rates Comparison

LBeing Neil on 08/08/2022 - 13:14

Looking at all the different offers for refinance, I’m finding it difficult to compare interest rates. It seems some of the banks have their websites up-to-date and some don’t. Trying to confirm the rates isn’t always a quick phone call - I’ve been on hold with some of the banks for a while.

Just looking for the lowest basic owner occupier variable interest rates for each bank. No need for offset. Accurate as of today. Can anyone help to fill in the blanks?

Citibank: 3.74%
BOQ:____
MyState:_____
ME: 3.79%
Westpac:____

My preference is for loans that offer cashback for refinance.

Financial Home Loan

Comments

  • Hybroid on 08/08/2022 - 13:19
    +1

    Pretty sure those are estimates as it depends on your individual case and what extras/features you select. My Citibank pre-approval is still at 2.99%.

    • timothy2 on 08/08/2022 - 13:40

      Surely that rate is no longer valid

      • Hybroid on 08/08/2022 - 13:42
        +1

        Still is till end of month but it's variable anyway so will go up for sure.

  • kiwimex on 08/08/2022 - 13:29
    +1

    Im about to come off a fixed rate so following this thread. Currently on 2.19 % fixed

  • footyboy on 08/08/2022 - 13:40
    +3

    Broker here

    Qudos 2.99% at today lowest I can see (will be 3.49% shortly)

    Aidan.

    • kiwimex on 08/08/2022 - 13:44

      What does your crystal ball say about rates is 12 months time?

      • angelkulit025 on 08/08/2022 - 13:50

        i need the same forecast as well =)

      • 7ekn00 on 08/08/2022 - 15:39
        -5

        Old skool economics say interest rates must be higher than inflation to pump the brakes :/

        Current inflation ~ 9% means interest rates have to be >9% to do what they want them to do :(

        Expect interest rates to hit 10% before the end of 2023 :/

        • Slo20 on 11/08/2022 - 06:24
          +1

          Oh dear. You may want to dust of those old school economics books and have another read.

      • El-Rhi on 11/08/2022 - 06:36

        Look at the market implied yield curve

        https://www.asx.com.au/data/trt/ib_expectation_curve_graph.p…

        While not always accurate, it’s the consensus from bond traders. Big banks are estimating slightly lower.

    • Awoke on 11/08/2022 - 12:31

      What do you think about the bendigo bank express loan with offset. Seems to be the best bank deal with offset at CR of 3.4% going to CR of 3.9% shortly

      Apart from tic toc, is there a better bank deal?

  • [Deactivated] on 08/08/2022 - 14:05
    +1

    So many factors at play, here. Depending on the lender, rate can be impacted things like:

    • Loan-to-value ratio (LVR)
    • Borrower/s credit score
    • P&I or interest-only

    Have you had a poke around https://www.ratecity.com.au/home-loans/variable-rate ?

    • Being Neil on 08/08/2022 - 17:03

      I'll have a look at the ratecity site now, thanks :)

  • Donaldhump on 08/08/2022 - 14:28
    +1

    you are going to minuscule, whats to say the 3.74 v 3.79 just doesnt raise their rates y .05% next week. Pick a bank you like with a close to the lowest rate

  • tsunamisurfer on 08/08/2022 - 14:31

    Wants a loan, expects everyone else to do market research.

    • websterp on 08/08/2022 - 15:26
      +1

      I'm sure few resident brokers have already sent OP multiple PMs by now with their best offers…So everyone else need not stress.

  • Tee Rex Arms on 08/08/2022 - 14:55
    -2

    No offset no thanks

  • FreeUyghur on 09/08/2022 - 12:55

    I'm with Westpac occupier variable currently at %5.83.

    • brendanm on 09/08/2022 - 15:23

      Is that a typo?

      • itslittfam on 09/08/2022 - 20:06

        Hopefully for freeUyghur's sake…

      • Awoke on 11/08/2022 - 12:33
        -1

        Likely humour.

      • FreeUyghur on 11/08/2022 - 12:43

        no it's not a typo. it's real mate

        • brendanm on 11/08/2022 - 13:56
          +2

          Why on earth would you not have refinanced? That is a terrible rate. Extremely terrible.

          • Awoke on 11/08/2022 - 16:46

            @brendanm: Exactly why I thought humour.

            Might only have 50k left or has had a change in circumstances and can’t refinance. Who knows

            • Kinko82 on 12/08/2022 - 13:08

              @Awoke: That looks like their rocket relay home loan without the premier advantage package discount.

              Definitely should call the bank to chat about a more suitable product as this product is very likely unsuitable.

  • Awoke on 12/08/2022 - 19:43

    One for the crowd. Is there a better bank home loan with offset than bendigo bank at 3.74% variable (3.90%cr)

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