Competition is alive and well in the mortgage market, with many lenders dropping their rates to levels not seen in nearly a decade.
Your Mortgage's website - www.yourmortgage.com.au - currently features standard variable home loans carrying interest rates below 5%.
For example, a fully featured standard variable loan product offered by direct lender MyRate.com.au has dropped to 4.99% - with no fees on standard applications for loans above $600,000.
Pacific Mortgage Group is also offering a bargain, with its standard variable loan attracting an ultra low 4.92% with no application fee or ongoing costs.
Other lenders including Quick Direct, Collins Home Loans and Morgan Brooks also offer home loans with rates just a shade above 5%.
For the complete list of top ranking loans, go to www.yourmortgage.com.au